Spotify Passes 60 Million Paid Subscribers
Spotify has announced it now has over 60 million paid subscribers to its subscription music service, less than five months after reaching a milestone 50 million paying customers.
“Spotify’s high-velocity audience growth cements our place as the leading media platform for music, fans and brands. As our global monthly active user number continues to climb, more consumers engage with us across their day and devices,” the company’s VP and head of Global Sales
Ahead of an expected public listing before the end of the year, Spotify has signed key licensing agreements with Sony Music and Universal Music Group and settled a US$43 million class action copyright lawsuits.
However, the company was hit with two new lawsuits last month involving allegations of copyright infringement and music licensing issues.