Spotify reaches over 10 mln paying customers

News Broadband Global 21 MAY 2014
Spotify reaches over 10 mln paying customers
Spotify has passed the milestone of 10 million paying customers. The streaming music service counts in total 40 million active users, including its free, ad-supported service. Its reach has grown in the past year from 36 to 56 countries. The company said it has paid more than USD 1 billion in royalties to artists since its launch in 2008. It also reported a high retention rate, with over 70 percent of the first subscribers to its premium service in 2010 still signed up for the service. 

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