Spotify, one of the websites that caters music service online proudly announces that they were able to hit 1 million paying subscribers.
Such accomplishment is now considered to be a milestone for the company.
Their online customers keep on enjoying their service and according to the company’s Chief Executive Officer who is Daniel Ek, there are about 200 million playlists that have been made at present.
Looking back last year, specifically on the month of September, the free service offered by Spotify has gained at about 10 million members.
Launching a WebOS, iOS and Windows Phone 6 software versions, all the favorite music of the user can now be possibly heard at their convenient time and will likewise reach them anywhere. It is indeed observed that the profit of the said company is being added whenever the users switch to premium services thus, removing adverts and gives a way for a listener to use their Smartphone.
In the following months, Spotify plans to launch in the US leading to a prediction to an increase in the number of Spotify’s subscribers.
This marks the fame that Spotify is the West’s hugely paid music subscription service.
One of the benefits that Spotify subscribers enjoy is the royalties paid by the company every time a song is played on its service.
According to the company, there are about 7% – 8% that represents their total user base last year. Since the paid subscribers have reached up to 1 Million, the percentage was lifted up to 15% user increase.
The company never stops to boost out their figure despite the many existing music streaming services which is considered to be their competitors online.