Spotify

1. Ashwin Saxena

2. What is it?
¤ Freemium online music subscription service
¤ Free (Ad-Supported)
¤ Premium (additional features, no ads)

3. Financials (2013)
¤ Revenue - $1.03 billion (up 74% from 2012)
¤ Net loss - $80 million
¤ Not profitable overall
¤ 70% of revenue goes to licensing costs

4. History
¤ Launched in Sweden in 2008
¤ Started as a solution to illegal file-sharing
¤ Originally hosted free music
¤ Launched in US in 2011 with major label support

5. What’s Hot
¤ Touch Preview

6. Competition
¤ Beats Music (by Apple)
¤ Rhapsody/Napster
¤ Pandora
¤ SoundCloud
¤ MOG
¤ Grooveshark

7. Secret Sauce
¤ Music discovery
¤ Social interaction
¤ Artist recognition

8. Story Time
¤ Sean Parker (Napster)
¤ Lorde

9. Future
¤ Profit soon
¤ Platform for new artists
¤ Dominant streaming service