Spotify

Media Disruptors: Spotify, Twitter & More
Media Disruptors: Spotify, Twitter & More   

What
A music service that is helping to change the way listeners think about the concept of a personal music collection. Spotify provides subscribers with access to a large music library, available on PCs, smartphones, tablets and other home entertainment systems, without subscribers ever owning a single track.

Disrupting
The music market.

Spotify
Source: Spotify

Headquarters: London
CEO: Daniel Ek
Year Founded: 2006
Number of Employees: 800
Funding: Company declined to provide, but cited public reports valuing it at more than $3 billion, based on an estimated $188 million raised in funding.
Key Investors: Founders Fund, Digital Sky Technologies, Kleiner Perkins Caufield & Byers and Accel Partners

Vital Stats

  • Sean Parker is an investor, and has said Spotify will finish the job Napster started
  • On the first day of Twitter's music service, Spotify beat out iTunes among Twitter users
  • No profit, investing heavily in R&D and international expansion
  • More than 6 million paying subscribers
  • Over 24 million users
  • Available in 28 countries
  • 20 million songs with 20,000 added per day
  • 1 billion user playlists created
  • Advertisers include Coca-Cola, McDonald's, Chevrolet, Best Buy, Bacardi, Gillette and eBay

Technology

Latest Special Reports

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.

  • With computers in our cars, in our pockets, on our wrists, and on our faces, we have faster, broader access to content than ever before. Host Carl Quintanilla explores this new world in "Binge."

  • Participants at a hacking conference.

    A series of high-profile cyberattacks has created huge economic opportunity as businesses look to fend off future attacks.