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Spotify. Spotify ( / ˈspɒtɪfaɪ /; Swedish: [ˈspɔ̂tːɪfaj]) is a Swedish [6] audio streaming and media service provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. [7] It is one of the largest music streaming service providers, with over 602 million monthly active users, including 236 million paying subscribers, as of ...
March 19, 2024 at 12:01 AM. LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report. Spotify's ...
Daniel Ek (born 21 February 1983) is a Swedish billionaire entrepreneur and technologist, and the co-founder and CEO of music streaming service Spotify. [2] As of January 2024, his net worth was estimated at $3.6 billion by Forbes. [3]
Alexandra Cooper (born August 21, 1994) is an American podcaster who is the co-creator and host of the weekly Call Her Daddy comedy and advice podcast on Spotify. In 2021, Time Magazine called her "arguably the most successful woman in podcasting " after she signed a three-year exclusive deal with Spotify worth $60 million.
Since 2012, Spotify has published a yearly list of its most-streamed artists, which has been topped by Drake and Puerto Rican rapper Bad Bunny a record three times, with Bad Bunny being the only artist to do so in consecutive years (2020–2022). Swift is the only female artist to have topped the list (2023).
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Spotify's most-streamed song for the longest period of time was "Shape of You" (2017) by English singer-songwriter Ed Sheeran. As of March 2024, over 600 songs have surpassed one billion streams on Spotify, 69 have surpassed two billion, and nine have surpassed three billion.
Spotify, a music streaming company, has attracted significant criticism since its 2006 launch, mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.