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Music streaming company Spotify reaches 20 million listeners

Published on Dec 7, 2012 7:02 AM
 
Spotify's founder and chief executive Daniel Elk speaks at a Spotify event on Dec 6, 2012, in New York City. Mr Elk, who started the Swedish music streaming business in 2006, introduced a variety of new additions to the popular music sight. Mr Elk also announced that Spotify now has five million paid subscribers, 20 million active users and has paid out a half billion dollars to artist's record labels. -- PHOTO: AFP

(REUTERS) - Digital music service Spotify rolled out new features and said it increased the number of active users at a press event that featured a special musical performance by Frank Ocean.

Spotify now has 20 million active users worldwide, up 33 per cent in less than six months. The company counts five million people among paying subscribers, a 25 per cent increase during the same time period.

Spotify also revealed it has one million paid subscribers in the United States, that it added a Twitter like functionality that allows users to follow one another, and that the rock band Metallica's music was now available on the service.

The company made the announcements at a splashy New York event on Thursday that included a conversation between Spotify backer Sean Parker and Metallica drummer Lars Ulrich.

 
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