Printed from http://www.electronista.com

Spotify reaches 1 million paying subscribers

updated 08:15 pm EST, Tue March 8, 2011

Milestone represents 15% of subscriber base

Following several reports suggesting music streaming service Spotify is nearing a US launch, the company has announced that it has surpassed a million paying subscribers. The number alone is significant, but when compared to the total number of active users, which has reached seven million, the achievement means that 15 percent of the subscriber base is now paying for access to the company's range of music content.

Sources recently claimed the European company was ready to finalize an agreement with Universal, a move which is considered to be one of the most significant steps toward an effective US debut. Separate agreements are said to have been established with labels EMI and Sony, though the involved companies have yet to publicly confirm such talks.

Although Spotify has expressed strong desire to enter the US market, its ability to sign deals for content was believed to have been hindered by labels' fears that users would be unwilling to pay for the service. Record companies' fears may also be assuaged by the growth statistics, which suggest the number of paid subscribers is currently growing at twice the rate of free users.

Despite the number of reports pointing to an imminent US launch, Spotify has yet to commit to a specific time-frame. [via Wall Street Journal]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News