GOOD NEWS FOR THE MUSIC BUSINESS
By Glenn Peoples, Nashville
Spotify now has 3 million subscribers across its 12 markets. Chief content officer Ken Parks revealed the latest number at an event at the Universal Music UK offices, according to mediareports.
It’s safe to say Spotify is on something of a hot streak. The company announced it had reached 2.5 million subscribers in late November. It had 1.5 million subscribers in June, 1 million in March and 500,000 in July 2010. The last publicly available figure for total active users is 10 million. Parks did not give an update on that figure when he offered the new subscriber count.