Sunday, November 27, 2011

Spotify tops 2.5m paying users

3:11 AM | Posted by ProJ | | Edit Post

streaming music service

estimated that the growth of subscriber base in the next version of the United States

Spotify has signed more than 2.5 million paying subscribers, as the pace of growth in the music streaming service is accelerated after the U.S. launch in the summer.

The company, which launched in the United States in July, after two years of lengthy negotiations with record companies, hit 2 million subscribers paying two months ago. He had 1.6 million subscribers in June
  • Recipes
  • for 2010 increased to £ 63 million, up EUR 11.3 million in 2009. Subscription revenues stood at £ 45 million and £ 18m advertising.
However, losses have increased significantly - from £ 26.5 million to £ 16 million - because of the need for the range of amounts Spotify increase in royalties and license payments to the holders of rights. Cost of sales were £ 65m in 2010.

Spotify allows 10 hours without hearing one month before users have to pay £ 10 a month for premium service.


Spotify


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