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The company's US headquarters are located in New York City's Flatiron District. In February 2017, Spotify announced a major expansion of its United States operations in Lower Manhattan, New York City, at 4 World Trade Center, adding approximately 1,000 new jobs and retaining 832 existing positions. Ek and Lorentzon wrote that to continue competing in a global economy, politicians needed to respond with new policies, or else thousands of Spotify jobs would be moved from Sweden to the United States. In April 2016, Ek and Lorentzon wrote an open letter to Swedish politicians demanding action in three areas that they claimed hindered the company's ability to recruit top talent as Spotify grows, including access to flexible housing, better education in the programming and development fields, and stock options.
In March, Spotify removed all limits on the free service tier indefinitely.
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In January 2012, the free trial periods began to expire, and limited users to ten hours of streaming each month and five plays per song. Spotify launched in the United States in July 2011 and offered a six-month, ad-supported trial period during which new users could listen to an unlimited amount of music for free.
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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, AI-enabled smart speakers such as Amazon Echo and Google Home, and digital media players like Roku. Spotify is available in most of Europe and the Americas, Oceania, with a total availability in 184 markets. 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. 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 82 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 one of the largest music streaming service providers with over 406 million monthly active users, including 180 million paying subscribers, as of December 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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