Despite rumours that Spotify may have been in trouble earlier this month when 200 independent record labels removed their songs from its servers, things seem to be looking fairly ship-shape for the streaming giant. The company has just announced that it’s number of paid subscribers has risen to 2.5 million.
The company struck the 1 million paid user number in March this year, but the recent launch in the US have helped more than double that. Spotify users can pay for two separate plans: unlimited streaming for $4.99, or unlimited streaming plus access to the Spotify mobile app. This means that at the very least, Spotify’s revenue must be in the region of $12.5 million per month.
Tight integration with Facebook has only helped the numbers grow also – the Spotify app for the social network has been an enormous success since its launch in September.
This, despite the recent rockiness with labels and the fact that Coldplay have refused to let their album be streamed, means the future of music streaming still looks bright. In fact, Spotify has plans to announce a big new launch next week in New York, which many believe to be a move into either music videos (to take on YouTube) or streaming of full movies (to take on LoveFilm and Netflix). Let us know your thoughts on our comments below or via our @Gadget_Helpline Twitter page or Official Facebook group.