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.

Read More On This Artist

More News
Dr. Dre and Lily Allen take on ice bucket challenge as Gwyneth Paltrow challenges Chris Martin
Gerard Way covers The Jesus And Mary Chain as he makes his live solo debut
Morrissey claims label 'botched' his album release in new statement
Amy Winehouse sculpture to be installed in Camden Market
SBTRKT debuts Warpaint collaboration on BBC session
Dave Grohl becomes father for third time
News site behind Tame Impala plagiarism story admit hoax, yet band may still face legal action
Cliff Richard turns down Portuguese honour following sexual abuse allegations
Two out-of-print Jimi Hendrix albums set for re-release
Waxahatchee and White Lung frontwomen team up for acoustic 'Coast To Coast' – watch
Marcus Mumford, Elvis Costello, Jim James feature on first song from 'lost' Bob Dylan...
Sky Ferreira begins work on second album
Liars announce October and November UK tour dates
Thurston Moore announces new album 'The Best Day' – hear first song now
Slipknot confirmed for Australia's Soundwave Festival
Cliff Richard returns to Official Singles Chart following sex abuse allegations
Gerard Way opens up about relapse into alcoholism before My Chemical Romance split
Rustie streams new album 'Green Language'
Blink-182 promise they have 'something special' in store for Reading & Leeds...
Phil Collins announces first gig in four years
Hayley Williams says Reading & Leeds Festivals give Paramore chance to 'prove people...
Arctic Monkeys' Alex Turner says Reading & Leeds is 'perfect place to leave things...

More News

Comments

Please login to add your comment.

Featured Videos
Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Most Read News
Popular This Week
Inside NME.COM
On NME.COM Today