Spotify is a European streaming music service founded in 2006 that is known for its speed and ease of use across desktop, mobile, and home platforms. While it faces competition and had issues with piracy and partnerships early on, Spotify has addressed these issues through global expansion efforts and plans to tighten its business model by further monetizing free accounts and exploring other revenue sources.
7. Business content from right holders and personal libraries to consumers through desktop and mobile software platform with free ad-based and premium subscription services Aggregate Distribute Monetize Backstory Issues Solutions
14. Piracy Encourage piracy? Library concerns Discourage piracy? Cheap, legal alternative Better than piracy? Something is better than nothing Backstory Issues Solutions
15. Partnerships Hardware Mobile image via spotify.com image via pocketlint.com Record Labels Prospective Buyers Sony EMI Warner Universal Apple Google Backstory Issues Solutions
19. Expansion Where? Europe Asia South America How? Continue expansion efforts in USA Utilize strong legal & account teams Why? Take advantage of alternative, attractive markets Become a global player in the industry Backstory Issues Solutions
21. Monetization Changes to the free accounts Further restrict monthly playtime Increase ad coverage to more per hour Try other sources of revenue Concert tickets Band promotion Special events A tight business model will lead to long-term success Backstory Issues Solutions