The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. Daniel Ek has 18.5% ownership of ordinary shares and 33.6% of the voting power. Where Martin Lorentzon has 12.1% of ordinary shares and 43.8% of the voting power. Another key shareholder is Baillie Gifford & Co, a Scottish-based money management firm, followed by Tencent.
Beneficial Ownership of Spotify (Source: Spotify Financials)
How Spotify was organized as of 2017, based on the various entities across the world (Source: Spotify F-1).
Spotify is a two-sided marketplace where artists and music fans encounter on a single platform. Founded in 2008 with the belief that music should be universally accessible with a seamless experience based on streaming audio and video. It generated over €4 billion in 2017, of which almost 90% based on premium memberships and 10% based on a free service which is ad-supported. The company recorded an operating loss of €378 million in 2017.
Read More: Spotify Business Model, Subscription Business Models, Business Models.
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