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
ESC Corporate Services trade name registrations. ESC Corporate Services is a licensed service provider under contract with the MGS. Licensed service providers under MGS contract have exclusive rights to facilitate access to government registries (records databases) and registration services in Ontario and across Canada. As such, ESC Corporate Services is licensed to legally provide a variety of government services to the legal and business communities. The contract with the MGS does not prohibit the development of any proprietary and value added services that a Licensed Service Provider deems necessary in order to retain its market share and improve its operational and customer service