Spotify Reaches 4MM Paying Subscribers

Spotify Reaches 4MM Paying Subscribers

If you thought Spotify already had its day in the sun, think again. At the Global Business Summit on Creative Content in London, Spotify’s Chief Content Officer and Managing Director of Spotify North America, Ken Parks, took the stage and announced that the music streaming service now has four million paying subscribers and 15 million users. Those are big numbers for a service that has only been available in the U.S. for a year. Contrary to Sean Parker's claims, we still think the service is a good ways away from from overtaking iTunes in terms of monetary contributions to the music industry. But this is a good sign for the future of streaming music. 

[via The Next Web]

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