What is Spotify Logo PNG?
Spotify Logo PNG is a Swedish streaming and multimedia service provider founded on April 23, 2006, by Daniel Ek.
It is the world’s largest music streaming service provider, with more than 365 million monthly active users, including 165 million paying subscribers (as of June 2021).
Spotify is listed on the New York Stock Exchange (through a Luxembourg-based holding company, Spotify Technology SA) in US depository receipts.
Spotify offers podcasts and copyrighted digital music recordings, including more than 70 million songs, from record labels and media companies.
As a freemium service, basic features with ads and limited control are free.
While additional features like offline and ad-free listening are offered through paid subscriptions.
Users can search for music by artist, album, or genre, and create, edit, and share playlists.
Spotify will be available from July 2021 in most Europe and the Americas, Oceania, and more than 40 countries in Africa (including South Africa and Mauritius) and Asia.
By the end of 2021, Spotify expects to be active in a total of 178 countries.
The service is available on most modern devices, including Windows, macOS, Linux computers, iOS, Android smartphones and tablets.
And also, AI-enabled smart speakers like the Amazon Echo and Google Home.
Unlike physical or download sales, in which artists are paid a fixed price per song or album sold.
Also, Spotify pays royalties based on the number of the artist plays relative to the total number of songs streamed.
It distributes around 70% of its total sales to rights holders (often record companies), who then pay the artists based on individual agreements.
According to Ben Sisario of The New York Times, about 13,000 of the seven million artists on Spotify made $ 50,000 or more in 2020.
First International Market Launch
Former Spotify headquarters in Stockholm
In February 2009, Spotify opened public registration for the free service in the UK.
Registrations soared after the mobile service launched.
Also, it is prompting Spotify to stop registering for the free service in September and return the UK to an invitation-only policy.
Spotify launched in July 2011 in the United States and offered a six-month ad-supported trial period during which new users could listen to unlimited music for free.
In January 2012, the free trial periods began to expire.
It is limiting users to ten hours of streaming per month and five streams per song.
In March, Spotify lifted all limits on the free service level indefinitely.
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