Spotify a November 2012 report suggested strong momentum for the company. In 2011, it reported a near US$60 million net loss from revenue of $244 million, while it was expected to generate a net loss of $40 million from revenue of $500 million in 2012. Another source of income was music purchases from within the app. This service was removed in January 2013. In May 2016, Spotify announced "Sponsored Playlists", a monetisation opportunity in which brands are able to specify the audiences they have in mind, with Spotify matching the marketer with suitable music in a playlist. That September, Spotify announced
SFM Corporate Services SFM Corporate Services SFM Corporate Services is a Dubai-headquartered financial and corporate services firm specializing in offshore company formation. The firm was founded in Geneva, Switzerland but now has its headquarters in Dubai with additional offices in Seychelles, Hong Kong, and others. SFM was founded in 2006 in Geneva, Switzerland. By 2011, the firm had opened offices in Seychelles (2009) and Hong Kong (2010) and was helping create onshore and offshore companies around the world. Prominent locations for these offshore companies included Seychelles and Cyprus. By 2012, SFM was forming companies in 15 different jurisdictions. In 2013, the company moved