Sport Report: Spotify owner, Arsenal legends in bid to buy club
Spotify premium subscriber count increases 21 percent to 158 million
It says the Joe Rogan Experience ‘performed above expectations’The streaming service has continued to focus on podcasts both as a way to convert free listeners to premium subscribers, and as a way to generate ad revenue. Spotify said that ad-supported revenue outperformed its forecast thanks in part to its podcasting efforts. In particular, the company said the Joe Rogan Experience, which it now exclusively licenses, “performed above expectations.
The co-founder of Spotify, Daniel Ek, has launched an audacious bid to buy Arsenal and has teamed up with several Gunners legends to make it happen.
Following the huge fan protests at Arsenal, various reports have stated that the current owners, the Kroenke family, are keen to sell the north London club.
That is where Swedish billionaire, and the chief executive and co-founder of Spotify, Ek, comes in.
According to our partners in the UK at, Ek has asked three of Arsenal’s legendary ‘Invincibles’ in Thierry Henry, Dennis Bergkamp and Patrick Vieira to help him try to purchase the club from American businessman Stan Kroenke.
Spotify counters Apple with its own podcast subscription plan
Almost immediately following Apple's announcement of a paid podcast subscription platform last week, reports began to circulate that Spotify would soon announce details on a service of its own. The company said it would test paid subscriptions back in February, but today it made things official. Spotify has announced a paid subscription platform that allows podcasters to charge extra for exclusive content. The big difference this and what Apple has proposed is that Spotify won't take a cut for the first two years except for transaction fees. And when it does ask for its share, it will only demand five percent of the revenue.
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Last week Ek revealed he is a long-time Arsenal fan and posted a message on social media saying he would throw his hat into the ring to potentially buy the club.
The Swedish businessman is reportedly worth $5.7 billion, which is less than the $8.3 billion of Kroenke’s personal wealth.
This is perhaps the biggest issue for Ek and the Arsenal legends.
Kroenke has shown no sign of ever wanting to sell Arsenal and in recent years has fought hard to increase his ownership stake in the club.
Nothing Is Straightforward for Arsenal These Days
Fans have had enough, a billionaire savior claims to have emerged and a former coach stands in the way of the one achievement that could salvage the season. View the original article to see embedded media.The good news for Arsenal is that it only lost 2-1 in the first leg of its Europa League semifinal against Villarreal. It was a game of extraordinary shifts. In the end, Arsenal may have been a little disappointed, but a one-goal defeat represented a significant comeback and evidence of character and fighting spirit from a team that has often lacked those qualities of late.
The man who owns the LA Rams, Denver Nuggets, Colorado Avalanche and Colorado Rapids has been the majority shareholder at Arsenal since 2011 and over the last decade the fans have not been happy with the way the clubs has been run and there have been multiple protests across many seasons.
Kroenke may see this as the perfect time to get out, as the finances of Arsenal have been hit hard by four-straight seasons without the Champions League and of course the coronavirus pandemic.
A good investment for Ek?
Arsenal being involved in the Super League discussions shows that they are still a financial power despite their poor results on the pitch, and Kroenke knows that.
It feels like it will take a lot for Ek to take charge of Arsenal as the likes of Farhad Moshiri and Alisher Usmanov tried, and failed, for many years to do so before they gave up.
Compared to Moshiri and Usmanov, Ek is a total newcomer and that could work in his favor. Arsenal could also do with a clean slate after years of unrest about first Kroenke and then Arsene Wenger.
But it still seems unlikely that Kroenke will sell Arsenal, no matter how ugly fan protests become.
originally appeared on
EU Charges Apple With Antitrust Violations in Spotify Case .
Apple’s App Store—and its so-called “Apple tax”—have been at the center of several recent lawsuits. In the latest development, the European Union has charged Apple with allegedly “abus[ing] its dominant position” in the music streaming market. © Photo: Francisco Seco/AFP (Getty Images) Margrethe Vestager, executive vice president of the European Commission fit for the Digital Age, at a press conference announcing the EU has charged Apple with antitrust violations. The charges stem from an initial complaint filed by Spotify in 2019.