Registrations surged following the release of the mobile service, leading Spotify to halt registration for the free service in September, returning the UK to an invitation-only policy. In February 2009, Spotify opened public registration for the free service tier in the United Kingdom. According to Ben Sisario of The New York Times, approximately 13,000 out of seven million artists on Spotify generated $50,000 or more in payments in 2020. It distributes approximately 70% of its total revenue to rights holders (often record labels), who then pay artists based on individual agreements. Unlike physical or download sales, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the number of artist streams as a proportion of total songs streamed.
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The service is available on most modern devices including Windows, macOS, and Linux computers, iOS and Android smartphones and tablets and AI enabled smart speakers such as Amazon Echo and Google Home. By the end of 2021, Spotify is expected to operate in a total of 178 countries. Spotify is available in most of Europe and the Americas, Oceania and more than 40 countries in Africa as of July 2021 (including South Africa and Mauritius) and Asia.
Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. Spotify is currently available in 180+ countries as of October 2021.
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As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Spotify offers digital copyright restricted recorded music and podcasts, including more than 70 million songs, from record labels and media companies. ) on the New York Stock Exchange in the form of American depositary receipts. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A. It is the world's largest music streaming service provider, with over 381 million monthly active users, including 172 million paying subscribers, as of September 2021. Spotify ( /ˈspɒtɪfaɪ/ Swedish: ) is a Swedish Audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon.
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