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by Shaun Tandon Agence France-Presse NEW YORK, United States – Music streaming leader Spotify has agreed to set up a $43.45 million fund to settle a potentially costly pair of United States copyright lawsuits from artists, lawyers said Monday. The move marks the latest effort by the Swedish company to turn the page on messy disputes as it considers a public listing amid the soaring growth of streaming. The settlement would end lawsuits spearheaded by […]
NEW YORK, United States (AFP) — Spotify has extended its lead as the world’s largest streaming company as it announced Thursday that it had 50 million paying subscribers. The Swedish company posted the figure on Twitter. Apple Music, its closest competitor, said in December that it had 20 million subscribers. The update was the first from privately held Spotify since September. Spotify said in June that it had a total of 100 million users, including […]
TOKYO, Japan (AFP) — Online music giant Spotify said Thursday it is launching a streaming service in Japan with a karaoke twist, the world’s second-biggest music market but one still dominated by compact discs. Sweden-based Spotify said it will offer a free service with advertising and an ad-free 980 yen ($9.70)-per-month version with around 40 million song titles. “The Japanese market is very different” from other markets, and “we want to make sure Spotify here […]
NEW YORK, United States (AFP) — Leading streaming service Spotify said Monday that it had reached 30 million paying subscribers as the company suggested it would keep expanding to more countries. The milestone was announced by Spotify’s chief executive Daniel Ek as he commented positively about President Barack Obama’s historic visit to longtime US adversary Cuba. “We have 30 million Spotify subscribers, but none of them are in Cuba … yet. So cool to see […]
