In turn, this scheme attracted thousands of internet users looking forward to listening to “free” music. Spotify is one of the first platforms to put in place a freemium model.
Spotify is available in 79 countries and operates through different companies in different regions.On Facebook, the largest social media platform, Spotify has over 22 million followers.The statistics below will give you a clearer picture of how big Spotify is worldwide. In effect, Spotify reviewed and changed their terms and conditions in favor of the artists.īy the late 2010s, Spotify and other streaming platforms took over the industry. In 2014, global superstar Taylor Swift fought for artists’ rights when she pulled out her entire catalog on the platform as a protest against Spotify. Moreover, there are claims that Spotify was unfairly compensating artists. However, artists and musicians were threatened by this new and unfamiliar entity that is changing the traditional business model of their industry. Now, small artists can put out their work without the help of record labels.
From then, Spotify continued to thrive, and perpetually changed how the music industry works. The arrival of Spotify in 2008 marked the imminent rise of the streaming era. The advancement of technology and the invention of the internet made music widely available for almost everyone on the globe.
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