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Spotify Technology S.A., also called Spotify, is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. Read More It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.
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Spotify Expands Into Podcasts with Acquisitions and New Shows
Spotify Expands Into Podcasts with Acquisitions and New Shows By Spencer Feingold Since its founding in 2008, Spotify has grown to become the world’s largest music streaming service with over 200 million users in nearly 80 countries. Today, the company is accelerating its “audio-first” strategy and making huge inroads into the world of podcasts. On Monday, Spotify ($SPOT) announced it was acquiring Parcast, a storytelling-driven podcast studio launched in 2016. The acquisition will bring popular Parcast...
Spotify to Acquire Parcast, a Premier Podcast Storytelling Studio
NEW YORK--(BUSINESS WIRE)--Mar 26, 2019--Spotify Technology S.A. (NYSE:SPOT), the world’s most popular audio streaming subscription service, today announced that it has entered into a definitive agreement to acquire Parcast, a premier storytelling-driven podcast studio.
Spotify acquires podcast studio Parcast
Spotify (NYSE:SPOT) will acquire podcast studio Parcast for undisclosed terms. The deal is expected to close in Q2. Parcast series include Serial Killers, Unsolved Murders, and Mind's Eye. Last month, Spotify announced the acquisitions of podcast producer Gimlet Media and podcast creation tool Anchor....
Expected May 1, Pre-Market