Spotify snaps up The Echo Nest

Mar 06, 2014
Music streaming service Spotify announced Thursday it had acquired The Echo Nest, a company behind technology to suggest songs to listeners

Music streaming service Spotify announced Thursday it had acquired The Echo Nest, a company behind technology to suggest songs to listeners.

Sweden-based Spotify did not disclose how much it had paid for the US company, whose is used by numerous companies for music recommendation services which can be a key element in keeping clients listening.

"At Spotify, we want to get people to listen to more music," founder and chief executive Daniel Ek said in a statement.

"We are hyper focused on creating the best user experience and it starts with building the best music intelligence platform on the planet."

He praised The Echo Nest as being "obsessed with understanding the world of music to help fans discover more music."

Ek said the will continue to operate from its current sites in the United States, and that its programming will remain free and open to developers.

Spotify says it has over 24 million active users in 55 countries that access its database of over 20 million songs.

Most use the free ad-supported service, but about 6 million pay a monthly subscription charge that allows them to download music and avoid advertisements.

Explore further: Uber hits roadblock as CEO charged in S. Korea

add to favorites email to friend print save as pdf

Related Stories

Spotify slaps limits on free music service

Apr 14, 2011

Swedish music streaming service Spotify said on Thursday it would cut back on its free version, slashing the amount of times a track can be played and the total amount of music users can listen to.

Spotify launches syncing with Apple's iPod

May 04, 2011

Swedish music streaming service Spotify on Wednesday launched an application enabling users to synchronise playlists and songs purchased through its service with Apple's iPod, a clear challenge to Apple's ...

Recommended for you

LivingSocial's new CEO eyes an experience-oriented future

13 hours ago

Some big challenges lie ahead for LivingSocial, the online marketplace known for its daily deals and discounted prices on restaurants, spas and local activities. But that's where the company's new chief executive, Gautam ...

Uber hits roadblock as CEO charged in S. Korea

20 hours ago

South Korean prosecutors brought charges on Wednesday against the founder and CEO of controversial smartphone taxi app Uber for operating an illegal cab service, the latest roadblock for the California-based ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.