Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Spotify Company Presentation

Spotify

  • Login to see the comments

Spotify Company Presentation

  1. 1. Erik Forkin (eforkin)
  2. 2. Spotify Spotify for Artists
  3. 3. Business Model Freemium Service Pays copyright holders royalties for streamed music
  4. 4. Financial Info Privately Held Company Revenue: $3.5 Billion (52% increase) Pays 70% of its revenue to copyright holders
  5. 5. History October 2008 Spotify launched in UK July 2011 Released in US. Hits 2 million paying customers November 2014 Taylor Swift removes her music from Spotify
  6. 6. December 2016 “Once Dance” first song to hit one billion streams July 2015 Discover Weekly released 2017 Spotify for Artists released. Microsoft ending Groove music
  7. 7. Competition Price $9.99 / Month $9.99 / Month $9.99 / Month # of Songs 30+ Million 40 Million < 30 Million # of Users 60 Mil Premium 20+ Mil ?? Social Feature Yes Yes No Discover Weekly Yes No No
  8. 8. Secret Sauce - Personalization
  9. 9. Loss: $660 Million 200% increase from previous year
  10. 10. According to Goldman Sachs, the music industry will hit $41 billion in revenue by 2030 driven heavily by streaming revenue.
  11. 11. Prediction
  12. 12. References https://www.statista.com/statistics/367739/spotify-global-mau/ http://www.billboard.com/articles/business/7841155/spotify-financial-analysis-profit ability-ipo http://www.billboard.com/articles/business/7833686/spotify-2016-losses-financial-r esults-revenue https://www.digitaltrends.com/music/apple-music-vs-spotify/ https://techcrunch.com/2017/07/31/spotify-vs-apple-music/

×