![]() ![]() That might just be the thing that brings an IPO sooner rather than later. The longer the company waits to go public, the greater the discount would become. That's because in previous rounds, investors have negotiated the right to turn their stakes into shares at a price that's lower than the IPO price. Talk is heating up that Spotify will file for an IPO this year. ![]() Still, the company has raised $2.1 billion, according to PitchBook, from investors, including Technology Crossover Ventures, Accel Partners and Goldman Sachs. Artists complain they are unfairly compensated each is paid based on the number of streams downloaded through the service. Keeping artists happy is an ongoing battle for Spotify and other music-streaming services. Spotify is easy to control with several devices. Spotify has an excellent music discovery feature. In addition to bringing the streaming service to Japan and Indonesia recently, Spotify also acquired several companies, including CrowdAlbum, a company that aggregates photos and videos from artists' performances so that they can stay better connected with fans. It takes seconds for songs to start to play while Spotify is instant. The service is available in 33 countries and is priced at about half of what a regular premium subscription costs. Spotify Free’s audio quality tops out at 160kbps and Spotify Premium’s maximum quality is 320kbpsthe same as Deezer Premium. And in a bid to get customers on board early and keep them loyal, the company recently launched Spotify premium for students. ![]() The free service is unlimited listening, but features ads - the primary way Spotify generates revenue. For $9.99 a month, customers of Spotify get an ad-free premium service that offers up song selection and the ability to cache music for later listening on mobile devices, laptops, and tablets. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |