Spotify to relocate, more than double USA workforce: NY state governor

The music-streaming behemoth is headed to 4 WTC, and expanding its headquarters.

Spotify on Wednesday announced an expansion amid the rapid growth of streaming, with the company moving its United States headquarters to New York's rebuilt World Trade Center complex.

The firm will move its NY office to the World Trade Center from the Midtown South area of Manhattan, adding more than 1,000 new jobs while retaining 832, the governor said in a statement.

The company will move into 11 floors at 4 World Trade Center in early 2018 and take up 378,000 square feet of office space.

Spotify, whose general counsel Horacio Gutierrez said that NY gave the company "access to the most diverse talent market in the world", will benefit from some $11 million in state support to encourage the move.

The World Trade Center's newest tenant is poised to make some noise.

"I hope Spotify's expansion sends a clear signal to the tech community that NY is open for business", said Horacio Gutierrez, Spotify's general counsel, according to Cuomo's tweet. "This major commitment by a pioneer of the digital economy is further proof that Lower Manhattan has become the top destination for New York's most innovative companies".

Downtown Alliance president Jessica Lappin said in a statement that Spotify's lease at 4WTC will be a catalyst for other entertainment companies in Lower Manhattan.

To celebrate the move, Cuomo released his own Spotify playlist, which features lots of Billy Joel.

  • Larry Hoffman