Music Biz News – Spotify Reportedly Reaches 70 Million Subscribers.
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It’s been a busy yet controversial start to 2018 for Spotify, which is reportedly planning to go public in the first quarter of the year, but is facing a $1.6 billion lawsuit for using songs without proper licensing.
Still, the streaming service has continued to dominate the market. The company recently announced it crossed the 70 million subscriber mark, which Variety noted dwarfs Apple Music’s 30 million in second place.
With streaming up more than 50 percent in 2017, Spotify has become one of the most influential entities in the music industry, even as they face criticism and grapple with trying to be an ethically-conscious organization.
Check out the full article via the link below via Complex
