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Spotify
Spotify (; ) is a List of companies of Sweden, Swedish Music streaming service, audio streaming and media service provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. , it is one of the largest providers of music streaming services, with over 678 million monthly active users comprising 268 million paying subscribers. Spotify is listed (through a Luxembourg City–domiciled holding company, Spotify Technology S.A.) on the New York Stock Exchange in the form of American depositary receipts. Spotify offers Digital rights management, digital copyright restricted recorded audio content, including more than 100 million songs and 7 million podcast titles, from record labels and media companies. Operating as a freemium service, the basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid Subscription business model, subscriptions. Users can search for music based ...
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Daniel Ek
Daniel Georg Ek (; born 21 February 1983) is a Swedish businessman and technologist. He is the co-founder and chief executive officer (CEO) of music streaming service Spotify. As of May 2025, his net worth was estimated at $9.2 billion by ''Forbes''. Early life and education Ek grew up in the Rågsved district of Stockholm, Sweden. He graduated from high school in IT-Gymnasiet in Sundbyberg Municipality in 2002 and then studied engineering at the KTH Royal Institute of Technology for 8 weeks before dropping out to focus on his IT career. Career Early career Ek had a senior role at Nordic auction company Tradera, which was acquired by eBay in 2006. He was also the CTO of the browser-based game and fashion community Stardoll and later started Advertigo, an online advertising company. Advertigo was sold to TradeDoubler in 2006,. after which Ek briefly became the CEO of μTorrent, working with μTorrent founder Ludvig Strigeus until μTorrent was sold to BitTorrent in Dec ...
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Music Streaming Service
A music streaming service is a type of online streaming media service that focuses primarily on music, and sometimes other forms of digital audio content such as podcasts. These services are usually subscription-based services allowing users to stream digital copyright restricted songs on-demand from a centralized library provided by the service. Some services may offer free tiers with limitations, such as advertising and limits on use. They typically incorporate a recommender system to help users discover other songs they may enjoy based on their listening history and other factors, as well as the ability to create and share public playlists with other users. It may also include customized radio or social media platforms. Streaming services saw a significant pace of growth during the 2010s, overtaking digital downloading as the largest source of revenue in the United States music industry in 2015, and accounting for a majority since 2016. As a result of its ascendance, stre ...
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Martin Lorentzon
Sven Hans Martin Lorentzon (; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. From 2013 to 2018 he was on the board of Telia Company. Since April 2019, he has been an expert on Sweden's immigrants' integration issues for the Moderate Party commission ''New Swedish Model''. Early life Lorentzon was born on 1 April 1969 in the south of Sweden in the village of Åsenhöga, in the Gnosjö region of Småland province. In February 1970, his family moved to Borås, and he grew up in the Hestra quarter. His mother, Brita (born 21 September 1936), worked as a teacher, and his father, Sven, (born 1 July 1932) was an economist. Lorentzon has two older siblings. He is a graduate of the Chalmers University of Technology in Gothenburg. Career As a student at the Särlaskolan primary school in Borås, Lorentzon told classmates that he wanted to sell one matchbox to every Chinese person and become a billionaire. For high school he attended the te ...
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Freemium
Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software. This business model has been used in the software industry since the 1980s. A subset of this model used by the video game industry is called free-to-play. Origin The business model has been in use for software since the 1980s. The term ''freemium'' to describe this model appears to have been created much later, in response to a 2006 blog post by venture capitalist Fred Wilson summarizing the model:Give your service away for free, possibly ad supported but maybe not, acquire a lot of customers very efficiently through word of mouth, referral networks, organic search marketing, etc., then offer premium-priced value-added services or an enhanced version of y ...
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Tencent Music
Tencent Music Entertainment Group (TME; ) is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China. In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million). History Tencent Music was established in July 2016 with Tencent's purchase of China Music Corporation to strengthen its music offerings. On July 4, 2018, Sony/ATV Music Publishing acquired an equity stake in Tencent Music. In October 2018, the firm filed for IPOs of around $2 ...
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QQ Music
QQ Music () is one of three Chinese freemium music streaming services owned by Tencent Music, a joint venture between Tencent and Spotify, now majority owned by Tencent. , the service is set to reach over 700 million users with an estimated 120 million subscribers. The service merged with China Music Corporation, the owner of KuGou and KuWo, the second and the third largest music streaming services respectively in the country, in 2016. By 2018, QQ Music's market share among Mainland China's music platforms increased to 75%. Outside of streaming, the service leverages its brand to the public through the annual QQ Music Awards. Business service QQ Music operates under a freemium business model in which basic services are free whilst enhanced features are available on a subscription. However unlike similar subscription service Spotify, labels have the ability to restrict its content to be restricted to subscribing users (known as VIPs or green diamonds) or be purchasable on t ...
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Playlist
A playlist is a list of video or audio files that can be played back on a media player, either sequentially or in a shuffled order. In its most general form, an audio playlist is simply a list of songs that can be played once or in a loop. The term has several specialized meanings in the realms of television broadcasting, radio broadcasting and personal computers. A video playlist can also be a list of recorded titles on a digital video disk (DVD). On the internet, a playlist can be a list of chapters in a movie serial; for example, Flash Gordon in the Planet Mongo is available on YouTube as a playlist of thirteen consecutive video chapters. Radio The term originally came about in the early days of Top 40 radio formats in the 1950s when stations would devise (and, eventually, publish) a limited list of songs to be played. The term would go on to refer to the entire catalog of songs that a given radio station (of any format) would draw from. Additionally, the term was ...
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Music Genre
A music genre is a conventional category that identifies some pieces of music as belonging to a shared tradition or set of conventions. Genre is to be distinguished from musical form and musical style, although in practice these terms are sometimes used interchangeably. Music can be divided into genres in numerous ways, sometimes broadly and with polarity, e.g., popular music as opposed to art music or folk music, or, as another example, religious music and secular music. Often, however, classification draws on the proliferation of derivative subgenres, fusion genres, and microgenres that has started to accrue, e.g., screamo, country pop, and mumble rap, respectively. The artistic nature of music means that these classifications are often subjective and controversial, and some may overlap. As genres evolve, novel music is sometimes lumped into existing categories. Definitions Douglass M. Green distinguishes between genre and Musical form, form in his book ''Form in Tonal Music''. ...
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Podcast
A podcast is a Radio program, program made available in digital format for download over the Internet. Typically, a podcast is an Episode, episodic series of digital audio Computer file, files that users can download to a personal device or stream to listen to at a time of their choosing. Podcasts are primarily an audio medium, but some distribute in video, either as their primary content or as a supplement to audio; popularised in recent years by video platform YouTube. In 2025, Bloomberg News, Bloomberg reported that a billion people are watching podcasts on YouTube every month. A podcast series usually features one or more recurring hosts engaged in a discussion about a particular topic or current event. Discussion and content within a podcast can range from carefully scripted to completely improvised. Podcasts combine elaborate and artistic sound production with thematic concerns ranging from scientific research to Slice of life, slice-of-life journalism. Many podcast series ...
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Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ...
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Amazon Echo
Amazon Echo, often shortened to Echo, is a brand of smart speakers developed by Amazon (company), Amazon. Echo devices connect to the voice-controlled Virtual assistant, intelligent personal assistant service. ''Amazon Alexa, Alexa'', which responds to a wake term (''Alexa'', and others) when spoken by its user. The features of the device include voice interaction, audio program playback, such as music, streaming podcasts, and audiobooks, maintaining to-do lists, Alarm device, alarms, and scheduling reminders. in addition to providing weather, traffic and other real-time information. It can also control several smart devices, acting as a home automation hub. Amazon started developing Echo devices inside its Amazon Lab126, Lab126 offices in Silicon Valley and in Cambridge, Massachusetts as early as 2010. The device represented one of its first attempts to expand its device portfolio beyond the Amazon Kindle, Kindle e-reader. Amazon initially limited the first-generation Echo to A ...
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