Spotify deals for an interest in going public, Spotify announced that artists will be able to make albums temporarily exclusive to the Premium service if they are part of Universal Music Group or Merlin Network. On 28 February 2018, Spotify filed for a direct listing on the New York Stock Exchange. Spotify's shares began trading on 3 April 2018. Spotify operates under a freemium business model (basic services are free, while additional features are offered via paid subscriptions). Spotify generates revenues by selling premium streaming subscriptions to users and advertising placements to third parties. In December 2013, the company launched a
Global Brands Group Global Brands Group Global Brands Group Holding Limited (Chinese: 利標品牌有限公司) is a branded apparel, footwear and fashion accessories company. It designs, develops, markets and sells products under a diverse array of owned and licensed brands and a wide range of product categories on a global scale. The company sells branded products under Kids, Men's and Women's Fashion, and Footwear and Accessories verticals. The products are sold across multiple geographies and through various distribution channels, including department stores, hypermarkets/clubs, off-price retailers, independent chains, specialty retailers and e-commerce. While Global Brands' business is primarily wholesale, the Group also makes strategic investment in