Eat Sleep EDM

From the Web

Spotify moves closer to suspected IPO with new hiring

Streaming titan Spotify may be on the verge of going public.

Paul Vogel, a former employee of Barclays, was recently hired as Spotify’s first-ever Head of Investor Relations, reports The Fader. The hire might signal a move to go public in an effort to raise capital and deepen its expansion as the world’s most powerful music streaming platform. Currently at 30 million paying subscribers and counting – more than any other competing platform – now would be a prime opportunity for Spotify to become a publicly traded and owned company.

Despite reporting an increase in both revenue and losses in 2015, going public could be a major component of the streaming service’s long-term strategy to increase its international presence.

Stay tuned to Dancing Astronaut for further updates.

Via: The Fader

Read More:

Streaming-only songs now qualify for Grammys

Apple confirms a complete overhaul of Apple Music interface

Amazon is reportedly launching a music streaming service later this year

TOP TRENDING MUSIC

Source link

Liked it? Take a second to support eatsleepEDM on Patreon!
Become a patron at Patreon!
Comments
Rated as One of the World's best EDM Blogs. Featuring Daily Top Videos, Reviews, FREE Tickets, Sets, Events, and News for All Electronic Dance Music Followers!

Eat Sleep EDM © Copyright 2012-2020. All Rights Reserved.

To Top