Stockholm – the Powerhouse of Sound

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Milestones on the road to success 18 Milestones on the road to success Photo: Viktor Gårdsäter
Milestones on the road to success 19 Ten years of Stockholm Musictech It was against the backdrop of the decline of the music industry in the beginning of the 21st century that Stockholm’s Musictech scene got started in earnest. For many of the entrepreneurs it was about making music more accessible to consumers through the use of new technology. The quick proliferation of technical music services in Stockholm that followed came as a result of the fact that the people of Stockholm were able to adopt the new services thanks to tax-exempt home computers and access to the world’s largest open fiber optics network 24 . 2006 Spotify is founded by Daniel Ek and Martin Lorentzon. 2009 Epidemic Sound is founded. 2011 Spotify is named a pioneer by World Economic Forum. Launches in the USA. 2014 Auxy launches for iOS October 29. Gets named one of best apps by Apple. 2005 2010 2015 2020 2005 Teenage Engineering is founded with Jesper Kouthoofd at the helm. 2008 Spotify launches in Sweden, Great Britain, Germany, France, Italy, Spain, Finland and Norway. 2010 Teenage Engineering launches the synth OP-1. Napster/Facebookfounder Sean Parkers’ Founders Fund invests in Spotify. Spotify pays more than €45 million in licenses. 2013 Spotify launches for phones and in eight new markets. 24 millions active users have streamed 4.5 billion hours of music. 2015 Pugz becomes Sweden’s most successful Kickstarter ever with SEK 11.5 million. Midi Hack – a music hack-a-thon – takes place in Stockholm. Teenage Engineering launches the Pocket Operator 10-series together with Cheap Monday. A report from the European commission points to clear evidence that Spotify has contributed to the decrease in the illegal downloading of music 25 . 2016 Spotify launches a new version containing podcasts, video and ‘fresh finds’ – a playlist with new songs from artists that have been identified as shooting stars by a set of algorithms. Soundtrack your brand/ Spotify for Business and Starbucks enters into a partnership covering more than 7.500 American Starbucks locations. Spotify reaches 30 million paying subscribers. Zound Industries is founded by Konrad Bergström and Kenneth Schönborg. 2012 Spotify reaches four million paying subscribers.
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Stockholm – the Powerhouse of Sound

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