Spotify reaches 70 million subscribers


(Reuters) – Audio streaming support Spotify, which filed confidentially with U.S. regulators for an initial community supplying on Wednesday, has 70 million subscribers, it claimed in a tweet on Thursday.

Earphones are noticed on a pill display with a Spotify brand on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. REUTERS/Dado Ruvic/File Photograph

Spotify, valued at as significantly as $19 billion previous 12 months, is focusing on a immediate listing in the to start with 50 percent of 2018. (bit.ly/2Ar9PwY)

Spotify is the most significant world music streaming company and counts Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) as its main rivals.

Apple in September advised Billboard journal it has 30 million subscribers to Apple music.

Reporting by Sonam Rai in Bengaluru Editing by Maju Samuel



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