Spotify streaming music service tops 60M users, 15M paid subscribers

The Spotify music streaming service reached 60 million subscribers, with 15 million paid users, the company said in a blog post. A paid subscription costs $9.99 per month per account, and Spotify hopes more of its listeners transition into paying subscribers.

"We had an amazing 2014 at Spotify and owe it all to you, the music fans who listen, discover, share and celebrate music and artists with us every day of the year," Spotify said in a blog post. It would appear Spotify's pre-Christmas offering of three months of subscription service for just $0.99 per month instead of the $9.99 normal price tag.

More than half of Spotify listeners use their smartphones and tablets to access the service, Spotify recently noted.