Spotify hits 20M paid subscribers, completes $526 million funding round

Spotify announced today that it has more than 20 million subscribers and 75 million active users on its streaming platform. The company started off 2015 with the announcement 60 million active users and 15 million paying subscribers, meaning Spotify grew quickly to hit this milestone. Spotify also closed a round of funding today valued at $526 million. Continue Reading

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Internet Radio Rewind #046: YouTube Analytics; Merlin magic for SoundCloud; FCC liberates Pandora; more

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The weekly update of the streaming audio industry, from RAIN News. THIS WEEK: YouTube Analytics; DASH Radio emerges; Merlin magic for SoundCloud; FCC liberates Pandora; the ideal cost of music. Continue Reading

Spotify adding 60,000 new users a week in Australia

Spotify said that it adds nearly 60,000 new users per week in Australia and about 20,000 new users a week in New Zealand. It also said that a quarter of Australian’s population has at least tried out the platform. According to the Sydney Morning Herald, 30% of Spotify’s Aussie users pay for the premium subscription. The streaming service has been active in the Australian market for three years. Continue Reading

Editor’s Notebook: Spotify and YouTube cross into overlapping territory

When Spotify announced last week that it was adding video to its content catalog, it signaled a directional shift and a competitive thrust into YouTube’s territory. YouTube, meanwhile, is inching its Music Key subscription platform onto Spotify’s front lawn. Other brands like Deezer and SoundCloud are also blurring their lines of identity. It’s all about un-platforming … while trying to succeed as a platform. Continue Reading