Spotify CEO: Less Than 10% of Users Are Paid Subscribers

Authored by Mark Hefflinger on September 18, 2009 - 12:12pm.

London - The chief executive of Spotify, the ad-supported streaming music service, said this week that less than 10% of the company's more than 1 million subscribers are paying for the premium version of the service, which costs about $16.40 per month, Stuff.tv reported. Daniel Ek said that Spotify could be profitable if it "chose to be," according to Stuff.tv, but instead is focused on developing its business. Ek also said that the company's revenue is increasing by 50% a month.

Related Links:
http://snipurl.com/ryz78 (Stuff.tv)

http://www.spotify.com