spotify podcasts subscriptionssteele streetjournal

It also said it is buying podcast producer Gimlet Media, a deal that The Wall Street Journal previously reported was in the works. The company, which is already the second-largest podcasting platform, said it would buy podcast publisher Anchor in a move to increase its presence in other forms of audio. The company's recent investment in podcasting - it acquired Anchor and Gimlet in February - positions it for a future beyond streaming music.Spotify Technology SA is buying a pair of podcasting companies, accelerating its investment in non-music content as it seeks to broaden its appeal and snap up share of listening time from radio.Īnne Steele of The Wall Street Journal had the news: Still, it's good to see growth hasn't completely stalled for Spotify. In America, Apple Music has 28 million paid subscribers versus Spotify's 26 million, according to a report from the Wall Street Journal in early April. While global paid subscribers for Spotify is up - 32 percent year-over-year to be exact - the service isn't doing so hot compared to Apple Music in the U.S. In India, the company says over a 1 million users signed up in the first week and it's now got 2 million users. Including India, the music streaming service now has a presence in 79 countries. free Google Home Mini and a bundle that included Hulu), Spotify also grew through expansion in India.

In addition to the promotional offers (i.e. As of early April, Apple Music claimed only 50 million paid subscribers worldwide. and Canada due to promotions.Ĭompared to Apple Music, Spotify now has about twice as many paid subscribers worldwide.

In its report, Spotify says it now has 217 million monthly active users worldwide - 100 million of which are paid subscribers - with growth largely driven by higher sign-ons in the U.S. The music-streaming service released its financial results for the first quarter of 2019 on Monday. Despite increasing competition from Apple Music, Spotify is still seeing healthy growth.

Spotify podcasts subscriptionssteele streetjournal