Spotify, Mum On Funding, Announces 20M Paying Users, 75M Overall, Touts $3B Paid Out To Artists

Streaming music service Spotify is not confirming the reports today about its latest funding round, but it’s putting out some of its own news: the company today announced that it now has 20 million paying users, and 75 million overall.It also updated its numbers revealing how much it’s paying out to artists from streams on its platform to $3 billion to date, with $300 million in the first three months of 2015. The update on royalties is timely considering the antitrust investigation currently hanging over Apple Music in the U.S., which alleges that the iPhone maker is colluding with record labels on pricing.

Source: Spotify, Mum On Funding, Announces 20M Paying Users, 75M Overall, Touts $3B Paid Out To Artists | TechCrunch

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