Spotify Grows Past 60 Million Subscribers
This post is from The Verge.
Spotify has just updated its subscriber information, and it now has more than 60 million paying users. That means the company is up 10 million subscribers since March, when it last announced it had 50 million. As of last month, Spotify said it had 140 million total users.
Since it last released subscriber numbers, a few things have changed for Spotify. Most crucially, the company reached licensing agreements with Universal Music Group and Sony. The deals will give these labels’ artists the option to keep their music off of Spotify’s free tier for a certain period of time, while Spotify will get a slight break in royalty payments.
As Variety points out, Spotify is also expected to go public before the end of this year.
These numbers make Spotify twice as big, subscriber-wise, as Apple Music, which last month announced it had 27 million paying subscribers.