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Source: Spotify
Spotify continues to be the number one in the world of streaming music. In May, Spotify announced that it reached 75 million paying subscribers worldwide.
The quarterly figures released today show that Spotify has once again significantly increased its subscribers, with 83 million paying customers. For success, according to the Swedish company, the new subscription model is responsible, with which multiple users can use a subscription together. Earlier this month, Google Music would have surpassed Spotify in the subscription numbers, but the numbers are now published. However, Spotify pushes Google Music. Despite the good quarterly numbers, the company's weakened slightly on the stock market, with the stock losing ground before the United States, sometimes exceeding five percent. The company says that the new European Data Protection Act has slowed growth in Europe.
Apple Music chief Jimmy Iovine has taunted his opponent once and condemned the Spotify business model for little purpose. Apple and Amazon earn their money – unlike Spotify – not only with the streaming service as such, but especially with other products. For example, he runs the Netflix video streaming portal, which has a unique selling point with its own productions. In the music industry, however, all services offer the same range. Nevertheless, Spotify's business model still seems lucrative, as current figures show.
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Topics of this news: Radio & Music Streaming, Applications & Software, Shops and Markets
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