Music Streaming service Spotify has announced that they now have more than one million paid subscribers in the US, and have a total of 5 million paid subscribers around the world.
At a recent press event, Spotify CEO, Daniel EK announced the new milestone for Spotify, and said that it took them around one year to reach the one million US paid subscriber mark.
He also revealed some details on how much revenue Spotify had paid to artists, since their launch they have paid out a total of $500 million and in the last nine months $250 million of this $500 million was paid to artists.
Source Cnet
Filed Under: Technology News, Top News