Spotify – A Leader in the Digital Music Space
Launched in 2008 and based in Sweden, Spotify is a music, podcast, and video streaming service that gives access to millions of songs and other content from artists across the world. Music can be browsed or searched by artist, album, genre or curated playlists. Users can create, edit, share playlists and tracks on social media, and make playlists with other users.
Spotify is a leader in the digital music space with more than 140 million active users and 70 million paying subscribers. Over 30 million songs have been made available in Spotify. It can be accessed across a range of devices, including computers, phones, tablets, speakers, TVs, and in cars.
There have been news stories reporting that Spotify will be directly listing on the NYSE this spring. After a recent minority stake swap done with Tencent, Spotify’s current valuation is estimated to be approximately US $19 billion. This report takes a closer look at Spotify’s patent assets. It includes a portfolio taxonomy and provides insights into various aspects of the overall portfolio.