Spotify beats Apple Music to 100 million paid users
Spotify has revealed it has reached the 100 million paid subscribers milestone, nearly twice as many as Apple Music.
Revealing their most recent financial figures, the Stockholm-based streaming service revealed it has reached 100 million Premium subscriptions.
According to Engadget, Spotify has 217 million users in total, with 117 million of them opting for the free package.
Variety reports that Apple Music revealed in April that they had 50 million paid users worldwide. Spotify CEO Daniel Ek said of the comparison, "Competition is really not a big factor for us."
The streaming service also announced that it has acquired Parcast for $56 million, after already having bought podcast companies Gimlet media and Anchor FM back in February. The company revealed it expects revenue from podcasts to "accelerate" throughout 2019, having already released some Spotify original podcasts, including The Joe Budden Podcast, and Amy Schumer Presents: 3 Girls, 1 Keith.
According to Stereogum, Apple Music will reveal its latest financial figures tomorrow (30 April).
- Nadine Shah, Moonchild Sanelly and Sue Tompkins to feature on Self Esteem's forthcoming album, A Complicated Woman
- Scowl announce new album, Are We All Angels
- Brown Horse announce their second studio album, All The Right Weaknesses
- Sumac and Moor Mother announce collaborative album, The Film
- Pan Amsterdam unveils new single, "Day Out"
- Index For Working Musik detail their second studio album, Which Direction Goes The Beam
- DITZ examine the commodification of queer culture on new single, "Four"
Get the Best Fit take on the week in music direct to your inbox every Friday
Mac Miller
Balloonerism
Delights
If Heaven Looks A Little Like This
The Weather Station
Humanhood
