The music streaming service, Spotify, has been a very popular platform for many years now. It has become a go-to for music streaming for many users, and its popularity has only increased over time.
But one of the most common questions that people have is – Is Spotify owned by Google? The answer is no.
Spotify was founded in 2006 by Daniel Ek and Martin Lorentzon, two Swedish entrepreneurs. The company has seen tremendous growth through the years, and currently boasts over 248 million active users and 144 million paying subscribers. Spotify is now one of the largest music streaming services in the world and continues to grow every year.
Despite this success, there have been ongoing rumours that Spotify is owned by Google. This is due to Google’s involvement with the company in various ways over the years.
In 2011, Google invested $50 million into Spotify as part of a funding round that also included Intel Capital. In 2018, Google announced a partnership with Spotify that would allow users to access their music library from various Google products like Home devices, Android phones and Chromebooks.
Although these partnerships have given rise to speculation about ownership of the company, it’s important to note that neither Google nor any other company owns Spotify outright. It remains an independent entity owned by its founders and major shareholders such as Tencent Music Entertainment Group (TME) and venture capital firm Technology Crossover Ventures (TCV).
The partnerships between Spotify and Google are beneficial to both companies as it allows them to tap into each other’s resources while still maintaining their independence as separate entities. These collaborations have enabled them to reach more users around the world while also providing better services such as enhanced sound quality, improved user experience and more content options like podcasts and videos.
In conclusion, while there are strong ties between Google and Spotify through various partnerships, it is important to note that neither company owns the other outright – they remain independent entities heavily invested in each other’s success.Is Spotify Owned by Google? No, Spotify remains an independent entity owned by its founders and major shareholders such as Tencent Music Entertainment Group (TME) and venture capital firm Technology Crossover Ventures (TCV).