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
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