Spotify Music Streaming Platform Reaches 20 Million Subscribers
The music streaming platform has reached new user and artist royalty milestones.
Spotify has announced it has reached more than 20 million subscribers and more than 75 million active users, marking huge increases for the music streaming platform over the past year. It took Spotify five and a half years to reach its first 10 million subscribers, so to put its recent growth into perspective, 10 million new subscribers in a single year is an average of one new subscriber every three seconds.
Artist royalties have also reached a new milestone, with Spotify paying out more than $3 billion in royalties to date, with more than $300 million in royalties paid in the first three months of 2015.
For
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in