Spotify Technology S.A. is a leading digital music streaming service that allows users to access a vast library of songs, podcasts, and other audio content from around the world
The platform offers personalized playlists, curated music recommendations, and the ability to create and share user-generated playlists, all contributing to an engaging audio experience. With both free and premium subscription tiers, Spotify aims to make music accessible to a wide audience while also supporting artists through various monetization models. As a pioneer in the streaming industry, Spotify continually innovates its offerings to enhance user experience and expand its global reach.
In 2024, Spotify reached a new milestone, paying $10 billion in royalties to the music industry, a tenfold increase over the past decade. This growth benefits both major streaming services and artists, fostering greater diversity and global exposure, especially for female artists.
Activist investor ValueAct Holdings, L.P., known for its role in Microsoft Corp. leadership changes a decade ago, disclosed significant portfolio adjustments in its third-quarter 13F filing with the Securities and Exchange Commission.
