No need to be industry number one, says Spotify founder

Playing down the threat to his business from the world's most valuable company, the founder of music streaming service Spotify said the industry was big enough for several players and his firm did not have to be number one.

"To me it is enough to be among the top three," Daniel Ek told Swedish business daily Dagens Industri in an interview published on Thursday, his first since Apple launched its streaming service in an industry packed with competition.