Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world.
The platform disrupted the audio streaming field – being named to the CNBC Disruptor 50 list in 2013, also making appearances on the list in 2014, 2015, 2016 and 2017 – and set the blueprint for audio streaming services to come.
Spotify's success quickly caught the eye of major technology competitors, who have since released their own streaming music platforms such as Apple Music, YouTube Music and Amazon Music.
1 audio streaming service and has kept pace on subscription prices.
The pricing tweaks continue between the players in the streaming music space.