New series about the rise of Spotify announced by Netflix

Netflix has started production on a new mini-series about the rise of Spotify, based on the book Spotify Untold by Sven Carlsson and Jonas Leijonhufvud, two Swedish business reporters.

The limited show, out next year, will focus on how the Swedish company grew from a small tech start-up to changing the music industry with streaming and becoming one of the household names for music consumers.

Although the title has yet to be revealed, the series will feature Vikings actor Edvin Endre as Daniel Ek, the co-founder and now CEO of the streaming service.

The book involved over 70 interviews undertaken by the two investigative journalists.

Spotify brought competition to Apple's iTunes model and quickened music's transition into a digital heavy market. It's received criticism from artists such as Taylor Swift and Neil Young for the amount it pays to artists in royalties.

The company has an estimated 155 million paid subscribers. In contrast, it is currently estimated that it pays an average of $0.04 per stream of a song, divided amongst the royalty holders for the track in question.

The US Congress will question them for their new 'Discovery Mode' trial. This feature will give artists a 'promotional rate' for streams in exchange for more promotion and visibility. The Wall Street Journal reports that this rate is less than the standard for artists not participating in the trial.

In unrelated news, Daniel Ek has recently attempted to buy the Premier League club Arsenal, putting forth a $2 billion bid to owner Stan Kroenke who has come under fire like many billionaire owners of English clubs for their part in the European Super League fiasco.