May 21, 2014 13:36

Spotify signs up its 10 millionth paying subscriber

The streaming service has a total of 40 million users worldwide

Spotify signs up its 10 millionth paying subscriber

Photo: Press

Music streaming service Spotify has announced that it now has 10 million global subscribers.

In addition to the 10 million users paying a subscription fee to listen to music, the site also has 40 million active monthly users in 56 countries around the world.

"10 million subscribers is an important milestone for both Spotify and the entire music industry," Daniel Ek, Spotify's CEO and Founder said in a statement. "We’re widening our lead in the digital music space and will continue to focus on getting everyone in the world to listen to more music."

The service, which launched in 2008, has come under fire in recent years. Artists including Johnny Marr, Thom Yorke, Foals and David Byrne have been critical of the royalty rates paid to artists who use the service.

Spotify responded with its Spotify Artists site, which aims to explain how the company's business model works. The service says it pays out nearly 70 per cent of its total revenues to music industry rights-holders such as record labels and publishers. They in turn pay musicians and songwriters their share.

Earlier this month, the service began informing users when an artist they have searched for has chosen to withold their release from the service. Coldplay (pictured above), The Black Keys, Beyoncé and Thom Yorke are all included in a list of artists who have boycotted the service.

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