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How Spotify conquered the music world but still hasn't yet made it pay

Lovemoney Logo By Alan Wass of Lovemoney | Slide 1 of 28: In the early 2000s, the record industry was being crippled by piracy, as illegal streaming sites made it easy for people to simply download a song or album for free. But in 2006, Spotify launched its ground-breaking, and legal, music streaming service. Now worth an estimated $26 billion (£19.5bn) and with over 200 million monthly active users, how did it change the way we consume music and who are the people behind it? Read on to find out...

The company that turned the music world on its head

In the early 2000s, the record industry was being crippled by piracy, as illegal streaming sites made it easy for people to simply download a song or album for free. But in 2006, Spotify launched its ground-breaking, and legal, music streaming service. Now worth an estimated $26 billion (£19.5bn) and with over 200 million monthly active users, how did it change the way we consume music and who are the people behind it? Read on to find out...

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