Martin Lorentzon owns 24 million shares in the company, or 13% of the total, including warrants. Following Daniel Ek, he is the one with the most shares. Martin Lorentzon is one of the company’s co-founders. Without these warrants, he has a 9% stake in the business. The company’s major shareholder is Daniel Ek who owns a total of 47 million shares in the corporation, including warrants. The two co-founders of Spotify, Daniel Ek and Martin Lorentzon, still have the largest shares in the business, however, they are now joined in their ownership by the likes of Sony Music Entertainment, Tencent Music Entertainment, Baillie Gifford, and Morgan Stanley. Despite competition from Deezer, Tidal, Amazon Music, Apple Music, YouTube Music, Quobuz and many other streaming platforms, the service, which provides its services to over 70 different countries around the world, has maintained one of the top positions in the market since its launch.ĭue to its vast user base, lengthy history, and recent statement that the business plans to sponsor Barcelona’s Camp Nou Stadium starting next season, it’s no surprise that the company is worth multiple billions – but who are the individuals in charge of it and who is the company’s owner? Who Owns Spotify?
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