World popular online music streaming service company Spotify just announced the monthly active usage stats. According to the company, Spotify has crossed 140 million monthly active users globally. This is a great achievement and it is a new milestone for the company.
Spotify on Friday announces their monthly active usage stats. From the data received from the company, Spotify now has over 140 million active monthly users. Considering last year’s usage stats (126 million), this is a great improvement. Many people are now subscribing paid online streaming services and non-paid services for exploring unlimited entertainment. That must be the reason for this quick growth.
If you don’t know, Spotify is a music, podcast, and video streaming service, officially launched on 7 October 2008. It is developed by startup Spotify AB in Stockholm, Sweden. It provides digital rights management-protected content from record labels and media companies. Spotify is a freemium service, meaning that basic features are free with advertisements, while additional features, including improved streaming quality and offline music downloads, are offered via paid subscriptions.