Spotify has 100 million subscribers, 30 million are paid listeners
Tuesday, June 21, 2016 at 8:38AM 
Streaming music service Spotify revealed it has 100 million subscribers, 30 million of which pay for the service to enjoy ad-free music and the ability to save songs and playlists on a mobile device.
Despite its market dominance, Spotify reflects the delicate nature of running a streaming music service. According to Reuters, "Spotify, founded in 2006, pays more than 80 percent of its revenue to record labels and artists and has not yet shown a profit as it spends to grow internationally. Last year, it made an operating loss of 184.5 million euros ($209 million), widening from 165.1 million in 2014."
Apple Music, which competest directly with Spotify, announced last week that it had 15 million subscribers. Apple offers no free tier past a three month trial period.
Source: Reuters via Appleinsider
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