It looks like Spotify has hit a new milestone, the music streaming service has announced that they now have 50 million paid subscribers.
The news of the 50 million paid subscribers was announced by Spotify on Twitter and you can see the tweet below.
The last report we had from Spotify on their paid subscribers was back in September of last year at 40 million paid subscribers.
This means that since September, Spotify has added more than 10 million new paid subscribers, which is impressive.
— Spotify (@Spotify) March 2, 2017
Apple Music has around 20 million paid subscribers, this was back in December of last year, the two company’s are in competition for subscribers.
We recently heard that Spotify is working on a new HiFi version of their music streaming service which is rumored to cost between $5 and $10 a month.