TweakTown
Tech content trusted by users in North America and around the world
5,677 Reviews & Articles | 36,088 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Spotify hits 15 million users, 4 million are paying

Spotify has 15 million active users, 4 million of them are paying for the service

| Business, Financial & Legal News | Posted: Jul 31, 2012 7:33 pm

Internet streaming sensation Spotify has released its latest figures, one of which is that it now has 4 million paying customers. The music service has been a massive hit ever since it was released, and these latest figures show just how big it is. Spotify's Ken Parks, speaking at a panel in the Global Business Summit on Creative Content in London, updated everyone with the running totals.

 

TweakTown image news/2/5/25090_1_spotify_hits_15_million_users_4_million_are_paying.jpg

 

Talking to a 'Future for the Music Industry' panel, Parks announced that Spotify now sports 15 million active users, of which four million are willing to pay for the service. Spotify is a massive competitor to Apple's iTunes and is popular with users who don't want to be locked into an ecosystem as Spotify is multi-platform.

 

Earlier this month, it was announced that steaming accounts for 89% of music sales in Spotify's home market of Sweden. Parks will be looking for subscription numbers to increase as more countries start to become comfortable with music in the cloud. Based upon the numbers from Sweden, it appears people already are, at least in that country.

NEWS SOURCE
Techradar.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below