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Spotify Continues to Grow Despite Upcoming Apple Music Launch

Category: Internet
Posted: 06:23AM
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When Apple Music was introduced, Apple decided to take a few quick jabs at Spotify with the company publically noting that it would treat music like art and pay artists the rate that they deserve. Spotify has dismissed the clever attacks of Apple, with it revealing that it has paid out $3 billion to artists, and so has its user base apparently. The music streaming service has just officially announced that it now has more than 20 million paying subscribers and 75 million active users. In comparison, Spotify had just 10 million paying subscribers and more than 40 million active users in May of last year, representing substantial growth in just over a one year period.

While further growth of Spotify will depend highly on services offered and the pricing model used, since Apple Music plans to offer its music catalogue to a family of six for just $15 per month, fierce competition in the music subscription industry is certainly good for consumers.

Source: PCWorld



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