Average Annual Earnings by a Spotify Executive: $1.34 Million

Spotify executive Martin Lorentzon seen casterboarding around the office

Spotify co-founder, executive, and board member Martin Lorentzon casterboarding around the office (Jon Åslund, CC by 2.0)

The average Spotify employee makes $168,747 a year. What do their bosses make?

Last week, Spotify financial filings for 2015 revealed that the average employee is earning $168,747, with a worldwide headcount of 1,610.  That raised the question of what the top executives and board members at Spotify are making, so we started investigating further.

Here’s what we found: according to further filings and executive information now discovered, 14 top executives, key advisors, and board members at Spotify earned a hefty €16,925,000 during 2015.  That translates to $18,812,984 based on current exchange rates, and amounts to a per-executive payout of  $1,343,784, or roughly $1.34 million in US dollars.

According to the Luxembourg filings, mandated by European Union regulations, that compensation includes three components: (1) ‘short-term employee benefits,’ i.e., cash salary, (2) ‘share-based payments,’ i.e., shares in the company; and a smaller category, (3) ‘post-employment benefits’.  Astoundingly, those collective compensation amounts nearly quintupled from 2014, when the total compensation amount was ‘just’ €3,741,000 ($4,158,309).  Some of that increase can be attributed to new board members and key executives, though the increase certainly isn’t fivefold.

Also keep in mind that these are averages, and we have no idea what specific officers and board members are making (yet).   Here’s the pertinent excerpt from the filing that offers the top-level figure:


spotifyfiling1

But how many members make up the ‘executive committee’ and ‘board of directors’?  That information was tricky to find, but according to a separate submission, the executive committee consists of 7 key members: Martin Lorenzton (pictured above), Klaus Hommels, Rene Richard Obermann, Sean Parker, Christopher Marshall, Daniel Ek (CEO), and Pär-Jörgen Pärsson.

Spotify Executive Committee

Cobbling through data compiled and reported by CrunchbaseBloomberg, Re/Code, and PrivCo, we were able to identify an additional 7 pertinent members.  Some of those members, like Martin Lorentzon, carry dual executive and board roles (actually, he’s Chairman of the Board), but of course, are not counted twice.  In total, that places the number of executive committee and board members at 14, a small group to divide the $18.8 million pot.

In terms of evaluating these compensation levels, it’s also important to consider that ‘share-based payments’ are priced at ‘fair value,’ which is likely a small percentage of the eventual, post-IPO valuation.  In other words, once Spotify hits Wall Street, those $8.8 million in shares will multiply enormously (and maybe create some billionaires).

In terms of how this skews the average of the rank-and-file, it’s tough to say.  The critical question is whether these 9 top executives are counted in the total headcount of 1,610.  If it is, then the average non-executive employee at Spotify makes €135,000, or $150,687 a year.

Here’s the full financial filing from the Luxembourg-based Registre de Commerce et des Sociétés if you’d like to review it.

The post Average Annual Earnings by a Spotify Executive: $1.34 Million appeared first on Digital Music News.

Harry survives X-MEN: APOCALYPSE to tell the tale!!! Oscar Isaac can do anything!

It is really true.

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There’s a few ways to look at X-MEN: APOCALYPSE…  You can see it as the 9th Mutie film of the Fox world, following, X-MEN, X-MEN 2, X-MEN: THE LAST STAND, X-MEN ORIGINS: WOLVERINE, X-MEN: FIRST CLASS, THE WOLVERINE, X-MEN: DAYS OF FUTURE PAST and DEADPOOL.  You can also look at the film as being the fourth Bryan Singer directed X-MEN film.   Then there’s my feeling that it is the 3rd X-MEN film of the reboot era, which began with X-MEN: FIRST CLASS, which led to Singer’s return with DAYS OF FUTURE PAST and now APOCALYPSE…  
 
Sure, there’s Hugh Jackman connecting them all together, or the X-MEN theme of John Ottman’s…  but prior to Matthew Vaughn’s X-MEN: FIRST CLASS, the only X-MEN film that I just flat out love is X-MEN 2.  I still like the original X-MEN movie, but given the executive hell that movie had to go through, it is just a miracle it worked at all, so I’ve always liked it more than it probably deserved, but it started this ship to sail.
 
If we could time travel X-MEN: APOCALYPSE to 2000 looking as it did today, it would destroy those brains completely.  So how does it play now?  Pretty fucking great.  
 
Since FIRST CLASS’ casting of McAvoy and Fassbender as Xavier and Magneto and Jennifer Lawrence and Nicholas Hoult as Mystique & Beast…  well, it all started working so much better.  I love Stewart & McKellen, but other than wishing James McAvoy would have his hair fall out every second

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The Dude abides THE KINGSMAN: THE GOLDEN CIRCLE… 1st Elton John, now this?!?!?

Matthew Vaughn is gonna kick all the asses!

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Hey folks, Harry here…  Jeff Bridges is joining THE KINGSMAN: THE GOLDEN CIRCLE and we needn’t look further than the Dude’s Twitter stream to get the confirmation and news:
 

#Kingsman pic.twitter.com/MrwRI6ZMrm

— Jeff Bridges (@TheJeffBridges) May 28, 2016

Don’t you just love that? Bridges adds class and cool to everything he’s ever been a part of, but for me the role that he is forever branded into my consciousness with is FLYNN in the original TRON.   There was something about his portrayal of that gaming programmer that made me want to tie my life to a computer.   Much like Matthew Broderick in WARGAMES.   Those were the two roles that made me a computer geek forever.

Meanwhile, aren’t you curious as hell about the Golden Circle?   What is it?   All I can think is that they must be going to Iceland.   What you got?
 
Keep it cool,
Harry

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Jeff Bridges Infiltrates ‘Kingsman: The Golden Circle’

The Dude will next be fighting for Queen and Country in some capacity, as Jeff Bridges has joined the cast of Kingsman: The Golden Circle, Matthew Vaughn’s follow up to his 2014 (2015 stateside) over the top spy actioner Kingsman: The Secret Service. The Iron Man and The Big Lebowski actor confirmed the news this morning the same way almost every other new cast member has: on Twitter, with a Kingsman graphic bearing cryptic text suggesting something about his character…

Read more at http://deadline.com/

This Week’s SATURDAY SHORTS: Flirting Psychopaths, Extraterrestrials, and Super Powers!

The Group; The Trap; The Echo of Small Things; Alison Blaire “The Sight of the Sound” – Dazzler X-Men Music Video; James

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Hello ladies and gentlemen, your pal Muldoon here with this week’s picks for SATURDAY SHORTS, your very own screening room here in the heart of AICN. The column is filled with interesting shorts from all over the globe and submitted by the filmmakers themselves (with the exception of one this week). With numerous film festivals going on this weekend, LAFF and Mammoth Lakes Film Fest for example, it’s cool to remember that every day a new film is coming out, or a new filmmaker is premiering their work. While it’s next to impossible to attend every fest out there, SATURDAY SHORTS is here to be watched at your leisure, a weekly film fest that’s sole purpose is to show off cool shorts created by passionate individuals. There are no tickets and no one is going to tap you on the shoulder if you’re watching them in your underwear (which can’t be said about LAFF, as I’ve found myself…). We are all here for the same reason; we love watching movies. Hopefully you find a film or two below that really knocks your socks off, potentially getting you hooked on a filmmaker (who before now) you’ve not known. Remember to crank the volume up, full screen each film, and leave your expectations at the door. Let’s get this show on the road!
Go grab yourself some popcorn, lock your kids in a closet, kill the lights, relax and check out this little weekly film fest we’ve got ourselves here!
 

THE GROUP
TRT: 10:22

Let’s start

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Watch Dinosaur Jr Debut New Song “Goin Down” On Jools Holland

Dinosaur JrEarlier this week, Dinosaur Jr. announced their new album Give A Glimpse Of What Yer Not and shared the propulsive lead single “Tiny.” They performed the song on the BBC show Later… With Jools Holland on Tuesday night, and they also debuted the equally awesome album opener “Goin Down,” which you can watch … More »