When it comes to music, we all have been fans of Spotify! The extremely popular music streaming service provider, Spotify is counted among the largest service providers all across the world. Spotify has more than 382 million monthly users among which 172 million are paying subscribers. With Spotify, you can access a huge number of songs and albums, some specially designed for you. One of the major reasons for the success of Spotify is its free services. Although it does get interrupted by the advertisements, still there's a vast amount of content that you can access for totally free!
Spotify was founded by Daniel Ek and Martin Lorentzon and launched in 2006. It has created a new emotion among the audience and has truly changed the music streaming service. Speaking of which, apart from Spotify's success and fan following, it has some pretty interesting facts that we are going to discuss in this article. So, let's get started!
- Story of Spotify
- 1/4th of Spotify songs have not been discovered
- Where did the "Spotify" name come from?
- Criticism of Spotify from prominent celebrities
- Artists gains very little from Spotify
- Spotify has acquired Echo Nest
Interesting Facts about Spotify
Story of Spotify
People often confuse Spotify as an American company, but very few know that Spotify is actually a Swedish company. Yes, that's right!
Spotify was founded in Sweden in 2006. However, because for some reason, its official launch was held by the end of 2008. After running for a few years, Spotify went International and began its charm in the United States.
Spotify gained a huge success and now, the company has reached almost every corner of this world. Its official headquarters is established in Stockholm, Sweden.
1/4th of Spotify songs have not been discovered
It is very rare that around 25% of the total songs listened to on Spotify have not been discovered yet. These songs have not been played even once. These songs mainly belong to unknown artists and band covers.
Intriguingly, Spotify does not ask the music artist to be famous for getting their songs be listened. However, this doesn't imply that the listener would listen to them.
Where did the "Spotify" name come from?
In an interview with Daniel Ek mentioned that "Spotify" isn't the name they chose for the company. The story behind this is, the Co-founder Martin Lorentzon had decided on some other name for the company but Daniel Ek misheard the name with something different. Then with the turns of events, the "Spotify" name was created with the combination of two words which are: 'Spot' and 'Identify". And that's how the name "Spotify'' came in!
Criticism of Spotify from prominent celebrities
Spotify has gained various criticism from some prominent artists like Taylor Swift and Thom Yorke. This is because the company, Spotify, shares 70% of the total revenue to the right-holders and this is nowhere appreciated by the artists.
This even made Taylor Swift leave the platform and stop releasing her songs on Spotify. However, after some time, Taylor Swift did return to Spotify with her album "Bad Reputation".
Artists gains very little from Spotify
Spotify pays very little to its artists as compared to their talent and worth. For example, for every 1,000 plays on a song, the artists receive only $4.37. This is basically a downside of the company as all the work done by the artists doesn't profit them in any way and Spotify makes all the profit over it.
That's why it's always recommended that, if you want to support an artist, purchase their song's CDs, vinyl or any other, for listening to their music.
Spotify has acquired Echo Nest
We all have encountered the amazing feature of Spotify, where it matches the songs with its artists in all the contexts it is used in. That came in 2014 when Spotify collaborated with the startup, Echo Nest. This helped Spotify in acquiring machine learning and music learning company The Echo Nest. Through this only, Spotify gained this amazing feature.
In conclusion, we can say that Spotify is a truly amazing music streaming company with free as well as subscriptions songs and albums. It is even considered the most intriguing music streaming application for your phone. You can formulate your own playlists and gain preferences. In fact, you can listen to those songs which you wouldn't find on any other platform. Spotify truly holds the potential to transform the music industry and in some ways, it already has.
Who has founded Spotify?
Spotify was founded by Daniel Ek and Martin Lorentzon in 2006.
Who is the CEO of Spotify?
Daniel Ek is the CEO of Spotify since 2006.
What makes Spotify unique?
Some of the unique things listeners can do on Spotify are:
- Bring back deleted playlists
- Exclude playing specific artists
- Sorting your liked songs
- Share music with Spotify codes
- Add your MP3s
- Listen with others
- Link to your favorite part of the song with time markers
Is Spotify free for artists?
Uploading music on Spotify is free to all artists. Spotify doesn't charge you any fees or commissions.
When does an artist get paid on Spotify?
An artist gets his payment depending upon how frequently their music is being streamed on Spotify.