Spotify reaches 60 million paid subscribers

One of the most important online music services in recent years and the rival of major music services is announcing another important step in record time after a previous story in March.

The site, which was established in April 2006 in Stockholm, Sweden, announced the arrival of its paid subscribers to 60 million subscribers.

The news came four months after announcing the arrival of 50 million premium subscribers, which means that the number of non-free subscribers has increased by ten million subscribers in just five months, a record in the history of the site and a jump in the chart of the site’s subscribers.

With this increase, the total number of subscribers to the site, including the free and paid subscribers, will reach one hundred and forty million worldwide.

Apple, the Apple Incubator, announced that it had reached 27 million subscribers in June at the Worldwide Developers Conference.

When comparing the prices of both services, both are priced at 9.99 dollars per month, but they differ in the provision of Spotify service for free, unlike Apple Music, which provides three months of free trial and beyond that is paid at the price of 9.99 dollars, but it must be taken into account that Apple Music has been on the scene for less than four years, unlike Spotify, which reached its 11th year in April.

Since the company announced the increase in the number of subscribers, a lot of steps and changes has been announced, the most important is the company’s access to the agreements with Universal Music Group and Sony to grant the singers of these companies the power to provide their songs for free through Spotify unpaid service Before they become segments that are offered only to non-free subscribers after a certain period.

The company’s earnings last year were three billion and three hundred million, an increase of 50 percent over the previous year.

According to the Financial Times, Spotify intends to offer its shares for the IPO, which is expected to occur in the fourth quarter of this year. The stock offer may be on the New York Stock Exchange, according to Reuters.

Spotify is one of the most important sites that offers music broadcasting service worldwide, follow the website Samma3a Tech to learn more about this famous site.