Spotify hits milestone with 1m subscribers

ONLINE music service Spotify has announced that it now has one million paying subscribers across Europe. News of the milestone comes as Spotify continues a fund-raising from investors in advance of a launch in the US. The Anglo-Swedish company has 6.67 million users, the majority of whom use a free service subsidised by adverts. Spotifys profitability depends on users switching to premium services that remove adverts and allow listeners to use smartphones. The company announced on its websites blog: It seems like only yesterday we were hatching ideas for a new music service in a tiny office-cum-apartment with a broken coffee machine. BBC

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