Spotify can’t stop lighting money on fire.

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by The_Cowboy_Killer

May 2013, Spotify acquired music discovery app Tunigo.

March 2014, they acquired The Echo Nest, a music intelligence company.

June 2015, Spotify announced they had acquired Seed Scientific, a data science consulting firm and analytics company.

January 2016, they acquired social and messaging startups Cord Project and Soundwave.

April 2016 they acquired CrowdAlbum, a “startup that collects photos and videos of performances shared on social networks.

November 2016, Spotify acquired Preact, a “cloud-based platform and service developed for companies that operate on subscription models which helps reduce churn and build up their subscriber numbers”.

March 2017, Spotify acquired Sonalytic, an audio detection startup, for an undisclosed amount of money. Later that month, Spotify also acquired MightyTV, an app connected to television streaming services.

April 2017, they acquired Mediachain, a blockchain startup that had been developing a decentralized database system for managing attribution, and other metadata for media.

May 2017 they acquired artificial intelligence startup Niland.

November 2017, Spotify acquired Soundtrap, an online music studio startup.

April 2018, Spotify acquired the music licensing platform Loudr.

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August 2018, Spotify bought the exclusive rights to The Joe Budden Podcast and expanded the show to a twice-weekly schedule.

February 2019, Spotify acquired the podcast networks Gimlet Media and Anchor FM Inc.

March 2019, Spotify announced they would acquire another podcast network, Parcast.

September 2019, Spotify acquired SoundBetter, a music production marketplace.

November 2019, Spotify announced the acquisition of the exclusive rights to The Last Podcast on the Left.

February 2020, Spotify announced its intent to acquire Bill Simmons’ sports and pop culture blog and podcast network The Ringer for an undisclosed amount.

May 2020, Spotify acquired exclusive rights to stream the popular podcast The Joe Rogan Experience beginning in September of that year, under an agreement valued at around US$100 million.

November 2020, Spotify announced plans to acquire Megaphone from The Slate Group for US$235 million.

March 2021, Spotify acquired app developer Betty Labs and their live social audio app, Locker Room.

November 2021, Spotify acquired audiobook company Findaway, including its publishing imprint OrangeSky Audio.

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December 2021, Spotify acquired Whooshkaa, a podcast tech company that develops specialized technology that allows radio broadcasters to easily turn their existing audio content into on-demand podcast programming.

February 2022, Spotify acquired Chartable and Podsights.

June 2022, Spotify acquired Sonantic, a synthetic voice and video developer.

July 2022, Spotify acquired Heardle, a Wordle-inspired music trivia game.

October 2022, Spotify acquired the Dublin-based content moderation startup, Kinzen.

Spotify’s layoffs show there’s a debt-market time bomb awaiting many companies

  • Spotify cut 1,500 jobs – or around 17% of its employees – Monday.
  • CEO Daniel Ek pointed to higher debt-refinancing costs as one factor driving the layoffs.
  • It’s a reminder of the debt-market time bomb looming for many companies, with interest rates having surged in recent years.

 

 

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