Spotify Technology SA (SPOT) is a European audio streaming and media service platform. The company provides its digital music streaming platform and services to for music listeners across the globe.
The users or subscribers can listen to new songs from the latest albums or single tracks, as well as create their own playlists of any specific genre or any artists on the firm’s mobile application.
In addition, the platform also provides ready-made playlists by putting all the songs together that fans or experts suggest. The music streaming platform operates and manages its business through two core divisions or facilities, namely Premium and Ad-Supported services segment.
The segment offers both online and offline high-definition streaming music access to the premium users or subscribers. The users can access the music on their computers, tablets, and mobile devices. People can also connect the platform to their speakers, home-theatres, receivers, TVs, vehicle music systems, gaming consoles, smartwatches, and other related devices.
In addition, premium users can enjoy listening to the music without any limit or any commercial advertisements, the Luxembourg-based firm claims.
Ad-Supported Services unit
Spotify under this segment offers music platform for the users who do not subscribe to premium account. However, it says that in certain instances, the users may have limited access to some premium content.
The Spotify regular users can also connect the app with speakers and other devices. In addition, the music streaming app is available across different personal computers, laptops, tablets, and mobile devices.
The digital music streaming firm was formed in April 2006 by Daniel Ek and Martin Lorentzon.
Spotify has its presence and operations in the majority part of Europe and the Americas. In addition, the company also has its business in more than 40 countries in Africa and Asia.
The firm operates through various subsidiaries such as:
• Spotify AB
• Spotify USA Inc
• Spotify Ltd
In addition, the music streaming company also has its share in other music streaming platforms like Tencent Music.