Spotify has acquired the naming rights to FC Barcelona's colossal stadium
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Spotify has acquired the naming rights to FC Barcelona’s colossal stadium

The transaction is reported to be worth $310 million. It may have been worth more, according to Spanish publication SPORT, if the team had a higher percentage of “registered” fans – supporters who granted the club access to their names, emails, and other personal information. According to the estimate, only about 1% of the club’s 350 million followers are registered.

Spotify will utilize its sponsorship to “amplify the work of musicians” at Spotify Camp Nou, according to a statement from Alex Norström, Spotify’s chief freemium business officer.