Spotify and other paid streaming services have boosted the entire record industry. Recorded music sales grew 7% in 2016. Photo: ReutersLos Angeles: Spotify has surpassed 50 million subscribers, extending its lead over rivals Apple Music, SoundCloud and Google as the world’s largest paid music streaming service. The company said it had 30 million subscribers less than a year ago, and 40 million subscribers in September. Apple Inc., owner of the second-largest paid service, said last month its streaming service has more than 20 million customers.

Source: Mint March 03, 2017 05:15 UTC