Spotify now has 70M paying subscribers

  • Spotify now has 70M paying subscribers

Spotify now has 70M paying subscribers

News of Blom's exit comes a month after we learned that Kevin Brown, the most senior industry-facing exec at Spotify outside the USA, was leaving the company.

On Tuesday, we learned that the Swedish content streaming service had been hit with a $1.6 billion lawsuit from a major music publisher.

Hitting the 70 million subscriber mark is good news for the company since it reportedly filed for an IPO.

A replacement for Blom - who has been with Spotify since 2014 - has not yet been named. The former Disney executive joined Spotify to lead its original content efforts, late past year.

The 70 million subscribers paying for Premium services get ad-free playback and the ability to listen offline up to 10,000 tracks in Extreme quality on different devices and platforms. By contrast, Apple Music had around 30 million subscribers, at last count. Spotify launched in 2008 and Apple Music came on the scene in 2015.

Bloomberg reports that Spotify wants to begin listing its shares in the first quarter of this year.

In preparation for its listing, Spotify spent the a year ago securing direct licensing deals with all three major labels, Universal Music Group, Sony Music and Warner Music Group, along with independent label org Merlin.