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Spotify is hoping to jump-start its push into audiobooks — announcing that paying subscribers can access up to 15 hours free listening per month from among 150,000 titles. A year ago, the audio ...
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Spotify was founded in 2006 in Stockholm, Sweden, [16] by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. [17][18] According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify".
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