European streaming giants Spotify have cause to celebrate with news of the company reaching the milestone of 20 million paying customers. Of course this news was released to deter away from the news regarding Apple’s new streaming service AppleMusic.
Spotify has over 75 million subscribers worldwide, with 55 million listeners using the platform as a free service. Spotify have also released information regarding the amount of money they have paid out in regards to royalty fees, with the figure standing at $3 billion.
It’s a tense time currently for Spotify with Tidal and AppleMusic challenging the company for their subscribers. Apple are the most likely to challenge and maybe supersede what Spotify has achieved.