Music streaming service Spotify reaches 70million subscribers

Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday.

Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018.

Spotify is the biggest global music streaming company and counts Apple Inc and Amazon.com Inc as its main rivals.

Apple in September told Billboard magazine it has 30 million subscribers to Apple music.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s