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 with the Government of Ontario and Loan Transact in order to develop a number of proprietary services offered to its legal and business customers throughout Canada. ESC Corporate Services ESC Corporate Services (MGS PPSA AML CPSO), previously Dye & Durham and Teranet, is a private Ontario corporation that acts as a licensed government service provider under contract with the Ministry of Government Services (MGS). This company is best known by Canadian law firms and the business community as the direct link to the government whereby ESC Corporate Services acts as a facilitator of regulatory compliance by providing access government records