Spotify Creating 1,000 Jobs in New York as it Moves to Four World Trade Center

No Comments 16 February 2017

Spotify Creating 1,000 Jobs in New York as it Moves to Four World Trade Center

Spotify has signed a lease for a huge New York office at Four World Trade Center - where it will create over 1,000 jobs.

The streaming company has committed to taking 378,000 square feet on floors 62-72 of the skyscraper - more than double the size of its current NY base.

The news was revealed earlier today by the Governor of New York State, Andrew Cuomo, who took to Facebook Live to proudly announce details.

By Tim Ingham

It is currently unclear what the future holds for Spotify’s existing Manhattan’s Flatiron District HQ, where approximately 600 employees work across two floors covering 140,000 square feet.

“I hope Spotify’s expansion sends a clear signal to the tech community that New York is open for business,” said Spotify General Counsel Horacio Gutierrez.

The idea of Spotify creating another 1,000 jobs may raise some curiosity amongst music industry rights-holders still yet to agree long-term licensing deals with the company.

Spotify is understood to be asking labels to agree to drop their revenue share from 55% to 52%, in order to help the company display better profitability prospects to Wall Street - and ultimately to IPO.

Read More/Original Source: http://www.musicbusinessworldwide.com/spotify-adding-1000-jobs-in-new-york-as-it-moves-to-four-world-trade-center/

  • Google+
  • Pinterest
  • LinkedIn
  • Reddit

Your Comments

No Comments


Share your view

Post a comment

Submit the word you see below:



Notify me of follow-up comments?