Spo­tify says has 50m pay­ing sub­scribers

New Straits Times - - Business -

Spo­tify has ex­tended its lead as the world’s largest stream­ing com­pany as it an­nounced on Thurs­day that it had 50 mil­lion pay­ing sub­scribers. Ap­ple Mu­sic, its clos­est com­peti­tor, said in De­cem­ber it had 20 mil­lion sub­scribers. The up­date was the first from the pri­vate­ly­held Swedish com­pany since Septem­ber. Spo­tify said in June it had a to­tal of 100 mil­lion users, in­clud­ing on its free, ad­ver­tis­ing-backed tier, which is the bane of some record ex­ec­u­tives.

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