Going public pits Spotify’s suggestions against everyone

Going public pits Spotify’s suggestions against everyone
 The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo and iHeartRadio before Spotify pulled it out from under them by buying it for a reported $100 million — 90 percent in Spotify equity. That deal paid off big time. Read More

Source: Mobile – Techcruch

Spotify plays the long game with Family and Student Plans even as revenue per user drops

Spotify plays the long game with Family and Student Plans even as revenue per user drops
 Spotify’s “Family Plan,” a variation of which launched in 2014, as well as its “Student Plan” appear to be driving a significant portion of the company’s growth and improving retention, as the company points to it multiple times in its filing for a direct listing on public markets today. Read More

Source: Gadgets – techcrunch

Even with double the subscribers, Spotify says Apple will always have an edge owning the app store

Even with double the subscribers, Spotify says Apple will always have an edge owning the app store
 Spotify just filed for a direct listing in the U.S., sidestepping the traditional IPO process, and now we’re starting to see some of the true financial guts of the company — and some of the significant risks it faces from challenging services from Apple and Google. Read More

Source: Mobile – Techcruch