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MAR 13, 2013 - ReadWriteWeb

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Spotify's 6M Paid Subscribers Are Still Growing Fast — But Maybe Not Fast Enough

Who says freemium doesn't work? For Spotify, the hybrid free/paid business model has reeled in 6 million paying subscribers out of its 24 million total listeners. Not bad. But as the music streaming space heats up, the company will face some enormous challenges, both in the short term and down the road.  Spotify is growing fast. The company added 1 million new subscribers over just the past three months, according a report from CNET. Spotify confirmed those listener and subscriber numbers in an email to ReadWrite, but declined to comment any further on how its total revenue breaks down. ... Read More

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