Music streaming service Spotify confirmed to launch in India

Form F-1 -

While Spotify has tried to guide investors in its listing prospectus by disclosing the value at which shares have changed hands in private transactions, the range has been wide. There are no indications though on when operations begin, but reports suggest that the music-streaming giant might have already hired someone to lead its India business.

Over 50 Mn users globally listen to Spotify in their cars.

Over 75% of Spotify users use the service on multiple devices.

Spotify research chief Gustav Soderstrom said the company is investing heavily to work with automakers to integrate Spotify into auto audio systems, where listeners consume almost a third of their music. For paid subscribers, the daily usage is even higher.

The Spotify marketplace has over 3 Mn artists, who contribute 20,000 pieces of music on a daily basis.

"By rolling out in Europe (2008) and the United States (2011) with an invite-only system, the company generated buzz and increased demand through perceived scarcity". The executive suggested that around two billion people qualify as potential streaming music subscribers, possessing both the technological and financial access to get on-board.

The official trailer for documentary "The Director and The Jedi"
While speaking on a panel at SXSW , Hamill said former President Barack Obama influenced the "dirt off your shoulder" movement. The Last Jedi + Bonus bundles are still live in the Microsoft Store and cost the exact same amount of money.

"The traditional model for taking a company public just isn't a very good fit for us", Ek said in his opening remarks on stage, forfeiting Wall Street attire for white sneakers, a white t-shirt and a blazer. "Of course we're trying to learn from that business, as they're trying to learn from what we do, but that's the extent of the partnership".

The music streaming service Spotify has told investors it can become profitable and fend off bigger rivals such as Apple and Amazon, as it announced its shares will begin trading on the NY stock exchange on 3 April.

Tencent Music, which just Gaana's strategic partner now, has over 120 million paying music streams but it's service is limited to China for now. However, that one music streaming service which is sorely missed in the country by many (including us) is Spotify.

At the investor event Thursday, Spotify execs talked up its global scale, brand awareness, algorithmic music curation and tools provided for music creators to connect with fans. Apple Music, its key rival in the West, crossed 36 million subscribers in February.

Apart from that, Amazon has also tied up with T-Series and Zee Music to bolster its offerings on Prime Music. This highly popular service isn't now available in the country, however, it won't be too long before it makes it debut in India.

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