SPOTIFY, THE WORLD’S LARGEST MUSIC STREAMING SERVICE

Elevation Capital Value Fund: Spotify is the world’s largest music streaming service, with over 87 million subscribers in 78 markets, with Apple and Amazon in distant second and third. The Fund has held a position in Spoify since November 2018 after the company announced a USD $1 billion share buy-back while having no debt. Read more about the Fund’s position in Spotify in our Monthly Mailer (released 12 January 2019) here.