Spotify is one of the world’s leading music streaming services, with over 300 million users worldwide. The company was founded in 2006 by Daniel Ek and Martin Lorentzon, and has since grown to become a multi-billion dollar business.
As of 2021, Daniel Ek and Martin Lorentzon are the primary owners of Spotify. Ek holds 16.7% of the ordinary shares and 31.9% of the voting power, while Lorentzon holds 10.9% of the ordinary shares and 42.9% of the voting power.
In addition to Ek and Lorentzon, Spotify also has a number of other shareholders, including Tencent Music Entertainment, Telia Company, and the Swedish Investment Fund for Developing Countries. These shareholders hold a combined total of 37.4% of the ordinary shares and 25.2% of the voting power.
The remaining shares are held by the public, with a total of 45.9% of the ordinary shares and 0.9% of the voting power.
In 2020, Spotify announced a new partnership with Tencent Music Entertainment, which saw the Chinese company acquire a 9.1% stake in the company. This was followed by an additional investment from Telia Company in 2021, which saw the Swedish telecoms giant acquire a 4.3% stake in Spotify.
As of 2021, Daniel Ek and Martin Lorentzon remain the primary owners of Spotify, with Ek holding 16.7% of the ordinary shares and 31.9% of the voting power, and Lorentzon holding 10.9% of the ordinary shares and 42.9% of the voting power. The remaining shares are held by a number of other shareholders, with the public holding 45.9% of the ordinary shares and 0.9% of the voting power.
It is expected that Ek and Lorentzon will remain the primary owners of Spotify until at least 15-Dec-2022, when the company’s current shareholder agreement expires. After that, the ownership structure of the company may change, depending on the decisions of the shareholders.
Influencer Magazine UK
Pora News
