Spotify hits 70 M paying subscribers – What’s new?

News you want to use week 2.

Spotify just announced on Twitter that it now has 70 million subscribers. Before today, the company’s most recent subscriber count was at more than 60 million back in July. Spotify hasn’t given any new details on its total number of active users, but in June it claimed to be up to 140million. In the last few months, the streaming service renegotiated licensing deals with Sony Music, Universal Music Group, and Warner Music Group, which will give Spotify a break on royalty payouts. The deals also give labels the option to keep new albums off of the streaming service’s free tier for a period of time. Spotify is expected to go public soon, and this week the company confidentially filed for an IPO

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