7/29/2023 0 Comments Spotify owner net worthThe SEC docs revealing these details ( SC-13G filings ) are designed to show which parties owned more than five percent of Spotify at the end of 2019 - but they also show the holdings of those who used to own five percent. With Sony and UMG added into the mix, then, the names mentioned here comfortably own more than 70 percent of Spotify. These three investment powerhouses owned more than 25 percent of Spotify between them - a fact worth remembering next time there’s an argument about whose interests Spotify is acting in when it makes controversial moves (for example, SPOT’s ongoing legal appeal against a royalty pay rise for songwriters in the United States ).įurthermore, according to MBW estimates, which my sources suggest are still solid, two major record companies - Sony Music Entertainment and Universal Music Group - continue to jointly own between six percent and seven percent of Spotify (Sony around 2.35 percent and Universal around 3.5). (9.1 percent) and a run of three asset-management specialists: Baillie Gifford (11.8 percent), Morgan Stanley (7.3 percent), and T.Rowe Price Associates (6.2 percent). In total, at the close of last year, SEC documents show that exactly 65 percent of Spotify was owned by just six parties: the firm’s co-founders, Daniel Ek and Martin Lorentzon (30.6 percent of ordinary shares between them) Tencent Holdings Ltd.
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