Spotify has announced today that they have reached their first major milestone, one million paying customers.
Says the streaming music company:
It seems like only yesterday we were hatching ideas for a new music service in a tiny office-cum-apartment with a broken coffee machine, and the party we threw having reached one million users almost two years ago today was one to remember.
So it’s with a sense of real pride and excitement that we can announce a new milestone today, having welcomed our millionth paying subscriber to the service. It’s a testament to our fantastic users who continue to support us and spread the Spotify word, either by telling friends or sharing some of the 200 million playlists that you’ve put together so far.
From everyone at Spotify, we’d like to give you all massive thanks. We’ll continue to focus on providing you with the best music service possible, and look forward to adding even more cool new features over the coming months. What’s really exciting is that this is only the beginning.
Overall, the company has 7 million active users and over 10 million registered users.
Spotify is aiming for a U.S. launch soon, and has reportedly signed deals with EMI and Sony Music. The service is allegedly close to signing a licensing deal with Universal Music Group, the largest label in the world.
Result for: deal
VB has posted today that giant e-tailer Amazon is set to invest $100 million in daily-deal site LivingSocial.
The “strategic investment” talks are underway, but there is nothing set in stone.
Daily-deal sites have boomed in the past year thanks mainly to the popularity of market leaders Groupon and Living Social.
All daily-deal sites offer discounts on products, services, activities, and meals from merchants, small and large.
Amazon currently has a foundation in the deals business, as it purchased Woot earlier this year.
Living Social raised money in March and April, but more investment would lead to a larger expansion into new cities and even new countries.
Just last month, Groupon was valued at over $3 billion.
Result for: deal
VB has posted today that giant e-tailer Amazon is set to invest $100 million in daily-deal site LivingSocial.
The “strategic investment” talks are underway, but there is nothing set in stone.
Daily-deal sites have boomed in the past year thanks mainly to the popularity of market leaders Groupon and Living Social.
All daily-deal sites offer discounts on products, services, activities, and meals from merchants, small and large.
Amazon currently has a foundation in the deals business, as it purchased Woot earlier this year.
Living Social raised money in March and April, but more investment would lead to a larger expansion into new cities and even new countries.
Just last month, Groupon was valued at over $3 billion.
