He then went on to create Spotify with cofounder, Martin Lorentzon. From building websites and recruiting fellow students to start a company called Advertigo which was later sold to Tradedoubler. Ek has over 34 million shares which makes him the largest single shareholder of Spotify.Įk from an early age was an entrepreneur. Stockholm-born Daniel Ek is the co-founder and current CEO. The founders still have significant voting rights Source: Spotify SEC filing Daniel Ek: CEO Source: Spotify SEC filingĪs a result of this ownership or control of our voting securities, if our founders act together, they will have control over the outcome of substantially all matters submitted to our shareholders for approval, including the election of directors. Who Owns Spotify Who Owns Spotify – The Top Institutions and Individual ShareholdersĪs of December 31, 2019, our founders, Daniel Ek and Martin Lorentzon, beneficially owned or controlled, directly or indirectly, ordinary shares and beneficiary certificates representing 33.6% and 43.8% of the combined voting power of all of our outstanding voting securities, respectively (or 77.4% in the aggregate). That is twice the subscriber base of Apple Music. As of Dec 31 2019, Spotify had 124 million and 96 million Premium Subscribers.

Spotify operates currently in 79 countries and territories.16% of monthly active users listen to at least one podcast a month.Since its launch, Spotify has paid out more than $15 billion in royalties to artists, music labels and publishers.The Global music industry grew by 10% to $19.1 billion in 2018.Premium Subscribers grew 29% year-over-year as of December 31, 2019, to 124 million.Spotify is the most popular global audio streaming subscription service.

Who owns spotify 2020