Spotify has crossed 60 million subscribers
Spotify was close to agreeing a new licensing pact with Warner Music
Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. PHOTO: REUTERS
Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday.
The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soon as the fourth quarter, citing people familiar with the matter.
Spotify nemesis Taylor Swift ends streaming boycott
Spotify, which recently appointed financial advisers to explore a direct listing on the New York Stock Exchange, said in June that its operating loss widened in 2016 but revenue rose significantly.
In March, Spotify reported it had 50 million paying subscribers, a rise of 25 per cent in less than six months, extending the music streaming service's lead over its closest rival, Apple Music.
SoundCloud slashes staff despite streaming growth
Last week Reuters reported that Spotify was close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a US stock market listing, four sources familiar with the situation said.
The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soon as the fourth quarter, citing people familiar with the matter.
Spotify nemesis Taylor Swift ends streaming boycott
Spotify, which recently appointed financial advisers to explore a direct listing on the New York Stock Exchange, said in June that its operating loss widened in 2016 but revenue rose significantly.
In March, Spotify reported it had 50 million paying subscribers, a rise of 25 per cent in less than six months, extending the music streaming service's lead over its closest rival, Apple Music.
SoundCloud slashes staff despite streaming growth
Last week Reuters reported that Spotify was close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a US stock market listing, four sources familiar with the situation said.