— James Solomon (@solomonjames) November 2, 2016
Revenus are up 8.1%, an important growth
Spotify fans base grown to more than 100M in 60 countries using Spotify to listen to music and discover new artists. The subscriber base has exploded to more than 40M. Streaming has been incorporated into charts all around the world, including the Billboard Hot 100.
Revenues are up 8.1% from just a year ago, the biggest increase since the late 90s. We’re proud that Spotify’s a major driver of that growth, having already paid out more than $5B in royalties.
Noted Troy and the Spotify Team in a blog post. The streaming today goes mainstream and as a result, the music industry is growing again.