Sweden-based Spotify has added 1million paid subscribers in the last three months to reach 6 million.
Streaming music is growing in popularity with Spotify hosting musicians at its “Spotify House” at the SXSW festival in Austin, Texas. With more and more players coming into the music streaming business; it’s creating a market more favorable to artist and studios. Spotify’s business model gives musicians and studios a 70 percent cut. Pandora, Rdio, and Soundcloud are also competing for market share as well making the streaming world one to watch. It’s rumored that YouTube and Apple are creating subscription services too!
Who do you stream with?
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