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Spotify
Spotify (; ) is a proprietary Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 456 million monthly active users, including 195 million paying subscribers, as of September 2022. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A.) on the New York Stock Exchange in the form of American depositary receipts. Spotify offers digital copyright restricted recorded music and podcasts, including more than 82 million songs, from record labels and media companies. As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. Spotify is available in most of Eur ...
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Daniel Ek
Daniel Ek (born 21 February 1983) is a Swedish billionaire entrepreneur and technologist. He is the co-founder and CEO of music streaming service Spotify. Early life and education Ek grew up in the Rågsved district of Stockholm, Sweden. He graduated from high school in in Sundbyberg in 2002, and subsequently studied engineering at the KTH Royal Institute of Technology, before dropping out to focus on his IT career. Business career Early ventures Ek started making websites for clients from his home at age 13. He charged the first client $100 and the second $200. Eventually, he started charging $5,000 per website. To help expand the business, Ek recruited students from his class to work on the websites from the school computer lab by bribing them with video games. His earnings eventually reached $50,000 per month. By age 18, he was managing a team of 25. Ek's parents started to notice his earnings once he started bringing home large TVs.. Ek later served in a senior role at No ...
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Martin Lorentzon
Sven Hans Martin Lorentzon (; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. From 2013 to 2018 he was on the board of Telia Company. Since April 2019 he has been an expert on Sweden's immigrants' integration issues for the Moderate Party commission ''New Swedish Model''. Career As a student at the Särlaskolan primary school in Borås, Lorentzon told classmates that he wanted to sell one matchbox to every Chinese person and become a billionaire. For high school he attended the technical department of Sven Eriksonsgymnasiet, where he liked to go to parties but always put education first: if there was a party before a test he would lie that he was sick and would have to stay home. In 1990, Lorentzon began his studies at the Chalmers University of Technology where he studied industrial economics and later finished with a master of science and engineering degree. He attended economics courses at the Gothenburg School of Business, Economi ...
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Streaming Media
Streaming media is multimedia that is delivered and consumed in a continuous manner from a source, with little or no intermediate storage in network elements. ''Streaming'' refers to the delivery method of content, rather than the content itself. Distinguishing delivery method from the media applies specifically to telecommunications networks, as most of the traditional media delivery systems are either inherently ''streaming'' (e.g. radio, television) or inherently ''non-streaming'' (e.g. books, videotape, audio CDs). There are challenges with streaming content on the Internet. For example, users whose Internet connection lacks sufficient bandwidth may experience stops, lags, or poor buffering of the content, and users lacking compatible hardware or software systems may be unable to stream certain content. With the use of buffering of the content for just a few seconds in advance of playback, the quality can be much improved. Livestreaming is the real-time delivery ...
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Podcast
A podcast is a program made available in digital format for download over the Internet. For example, an episodic series of digital audio or video files that a user can download to a personal device to listen to at a time of their choosing. Streaming applications and podcasting services provide a convenient and integrated way to manage a personal consumption queue across many podcast sources and playback devices. There also exist podcast search engines, which help users find and share podcast episodes. A podcast series usually features one or more recurring hosts engaged in a discussion about a particular topic or current event. Discussion and content within a podcast can range from carefully scripted to completely improvised. Podcasts combine elaborate and artistic sound production with thematic concerns ranging from scientific research to slice-of-life journalism. Many podcast series provide an associated website with links and show notes, guest biographies, transcript ...
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Music Genre
A music genre is a conventional category that identifies some pieces of music as belonging to a shared tradition or set of conventions. It is to be distinguished from '' musical form'' and musical style, although in practice these terms are sometimes used interchangeably. Music can be divided into genres in varying ways, such as popular music and art music, or religious music and secular music. The artistic nature of music means that these classifications are often subjective and controversial, and some genres may overlap. Definitions In 1965, Douglass M. Green distinguishes between genre and form in his book ''Form in Tonal Music''. He lists madrigal, motet, canzona, ricercar, and dance as examples of genres from the Renaissance period. To further clarify the meaning of ''genre'', Green writes "Beethoven's Op. 61" and "Mendelssohn's Op. 64 ". He explains that both are identical in genre and are violin concertos that have different form. However, Mozart's Rondo for Piano, K. ...
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Tencent Music
Tencent Music Entertainment Group () is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, Kugou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China. In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million). History Tencent Music was established in July 2016 with Tencent's purchase of China Music Corporation to strengthen its music offerings. On July 4, 2018, Sony/ATV Music Publishing acquired an equity stake in Tencent Music. In October 2018, the firm filed for IPOs of around $2 billio ...
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Playlist
A playlist is a list of video or audio files that can be played back on a media player either sequentially or in a shuffled order. In its most general form, an audio playlist is simply a list of songs, but sometimes a loop. The term has several specialized meanings in the realms of television broadcasting, radio broadcasting and personal computers. A playlist can also be a list of recorded titles on a digital video disk. On the Internet, a playlist can be a list of chapters in a movie serial; for example, Flash Gordon in the Planet Mongo is available on YouTube as a playlist of thirteen consecutive video chapters. Radio The term originally came about in the early days of top 40 radio formats when stations would devise (and, eventually, publish) a limited list of songs to be played. The term would go on to refer to the entire catalog of songs that a given radio station (of any format) would draw from. Additionally, the term was used to refer to an ordered list of songs pla ...
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Digital Rights Management
Digital rights management (DRM) is the management of legal access to digital content. Various tools or technological protection measures (TPM) such as access control technologies can restrict the use of proprietary hardware and copyrighted works. DRM technologies govern the use, modification, and distribution of copyrighted works (such as software and multimedia content), as well as systems that enforce these policies within devices. Laws in many countries criminalize the circumvention of DRM, communication about such circumvention, and the creation and distribution of tools used for such circumvention. Such laws are part of the United States' Digital Millennium Copyright Act (DMCA), and the European Union's Information Society Directive (the French DADVSI is an example of a member state of the European Union implementing the directive). DRM techniques include licensing agreements and encryption. The industry has expanded the usage of DRM to various hardware products, such ...
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Amazon Echo
Amazon Echo, often shortened to Echo, is an American brand of smart speakers developed by Amazon. Echo devices connect to the voice-controlled intelligent personal assistant service '' Alexa'', which will respond when a user says "Alexa". Users may change this ''wake word'' to "Amazon", "Echo", "Computer", as well as some other options. The features of the device include voice interaction, music playback, making to-do lists, setting alarms, streaming podcasts, and playing audiobooks, in addition to providing weather, traffic and other real-time information. It can also control several smart devices, acting as a home automation hub. Amazon started developing Echo devices inside its Lab126 offices in Silicon Valley and in Cambridge, Massachusetts as early as 2010. The device represented one of its first attempts to expand its device portfolio beyond the Kindle e-reader. Amazon initially limited the first-generation Echo to Amazon Prime members or just by invitation, but it bec ...
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Russell 1000
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight * Technology * Consumer Discretionary * Health Care * Industrials * Financial services Top 10 holdings * Apple () * Microsoft () * Amazon () * Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () * Nvidia () * Berkshire Hathaway () * UnitedHealth Gr ...
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Google Nest
Google Nest is a line of smart home products including smart speakers, smart displays, streaming devices, thermostats, smoke detectors, routers and security systems including smart doorbells, cameras and smart locks. The Nest brand name was originally owned by Nest Labs, co-founded by former Apple engineers Tony Fadell and Matt Rogers in 2010. Its flagship product, which was the company's first offering, is the Nest Learning Thermostat, introduced in 2011. The product is programmable, self-learning, sensor-driven, and Wi-Fi-enabled: features that are often found in other Nest products. It was followed by the Nest Protect smoke and carbon monoxide detectors in October 2013. After its acquisition of Dropcam in 2014, the company introduced its Nest Cam branding of security cameras beginning in June 2015. The company quickly expanded to more than 130 employees by the end of 2012. Google acquired Nest Labs for US$3.2 billion in January 2014, when the company employed 280. As ...
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Digital Media Player
A digital media player (also sometimes known as a streaming device or streaming box) is a type of consumer electronics device designed for the storage, playback, or viewing of digital media content. They are typically designed to be integrated into a home cinema configuration, and attached to a television and/or AV receiver. The term is most synonymous with devices designed primarily for the consumption of content from streaming media services such as internet video, including subscription-based over-the-top content services. These devices usually have a compact form factor (either as a compact set-top box, or a dongle designed to plug into an HDMI port), and contain a 10-foot user interface with support for a remote control and, in some cases, voice commands, as control schemes. Some services may support remote control on digital media players using their respective mobile apps, while Google's Chromecast ecosystem is designed around integration with the mobile apps of ...
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