Published: Fri, February 17, 2017
Health | By Bessie Ortiz

Spotify expands with World Trade Center move

Spotify expands with World Trade Center move

Spotify's relocation to the new building will make it the first office tower to be fully leased on the 16-acre World Trade Center site.

Spotify is relocating and expanding its US headquarters to 4 World Trade Center. It will vacate its current headquarters at 620 Ave. of the Americas in Chelsea, owned by RXR Realty.

That said, while Cuomo tweeted that "Spotify is going to be adding over 1000 employees here in the great State of New York", the accompanying jpeg said: "Spotify will create over 1000 jobs at Four World Trade Centre".

The company also will be getting up to $11 million in rent-reduction credits.

Cuomo says he's "proud" to welcome the company to the World Trade Center complex.

With new digs comes a host of new jobs: Spotify will add 1,000 new jobs to its workforce by 2018.

"Lower Manhattan is more vibrant, diverse, and connected than ever before, and Spotify's expansion is the latest example of this community's incredible potential for growth", Governor Cuomo said.

CEO Daniel Ek started looking for NY office space in September after the company's staff outgrew its current office space.

Headquartered in Stockholm with offices scattered around the world, Spotify already occupies considerable real estate in Manhattan's Flatiron District.

"Some of the best teams are here in NY", he said. The new jobs created will include engineers, marketing professionals, analytics professionals, and staff to handle a host of other critical business functions.

While less known for his pop culture bona fides than playlist creators such as former president Barack Obama, Cuomo picked multiple songs by Billy Joel, a NY native known to be the governor's friend.

Spotify is reportedly considering a potential US stock market listing. The streaming service is now headquartered at 620 Sixth Avenue, but rumors of a move downtown have been flying for the past few months.

Spotify was launched by Swedish-based Spotify AB in 2008.

Spotify is doing big things in 2017.

"Today's Spotify announcement is music to our ears".

Still, the majority of Spotify's users listen for free with commercial breaks.

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