Spotify to Earn Nearly $480M from Paying Subscribers

London-based tech and music company Spotify just announced they have 4 million paying subscribers. With a $9.99 monthly subscription fee, that means the company
London-based tech and music company Spotify just announced they have 4 million paying subscribers. With a $9.99 monthly subscription fee, that means the company should garner annual revenues around $479.5 million from subscriptions.This is an impressive feat, made possible by the company's increase in free members from 4 million to 15 million in a 10-month time. While the percentage of paying subscribers has dropped from 50% of free users to 27%, the actual number of…...

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