Spotify reaches one million paying users
Wednesday 09 March 2011
Swedish music streaming service Spotify said Tuesday it had reached one million paying users, a number that has doubled in under a year but still represents fewer than one out of six Spotify users.
"The vast majority of subscribers (upgrade) after having first used the free service and the ratio of paying subscribers to active free users (is) now 15 percent," Spotify co-founder Daniel Ek said in an email to AFP.
He called reaching one million paying users "an awesome milestone."
The ratio shows that about 6.5 million people are active users - meaning they have connected at least once during the last 30 days - of Spotify's free version.
"We think the figures, which make Spotify the most popular and fastest growing music subscription service of its kind in the world, show huge potential," Ek added.
Founded in 2006, Spotify is one of the world's largest streaming websites and is available only in Sweden, Norway, Finland, Britain, France, Spain and the Netherlands because of copyright issues.
The service had reached one million total users two years ago. In July 2010, it had about 500,000 paying users.
Spotify users can stream music for free from the service in exchange for listening to advertising, but can also pay five or 10 euros ($6.9 or $13.8 dollars) to gain ad-free access to the service.
The 10-euro version allows users to listen to their playlists whilst offline and to access their music through their mobile phones.
The Financial Times reported last month that the company was completing a 100-million-dollar funding round to which Russia's DST Global participated.
Spotify refused to comment on that report.
They reported funding round valued the company, which is preparing to launch in the United States, at one billion dollars.
Ray Davies' Sunny Afternoon scoops the most awardsTheatre
Grace DentChannel 4 show proves there's no app for happiness
Arts & Ents blogs
- 1 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 2 Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
Better Call Saul creator Peter Gould on the creative concerns of a prequel, season 2 and the mind-numbing realities of the small courts
Britain's Got Talent 2015: RSPCA investigating Marc Metral's miming dog after cruelty complaints
One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
Tidal CEO leaves Jay Z's music streaming service only a month after it launched
Star Wars 7: The Force Awakens: Luke Skywalker actor Mark Hamill admits he was suspicious of 'Star Trek guy' JJ Abrams
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate