Spotify hits 15m subscribers

Music streaming service Spotify has announced that it has hit 15 million paying subscribers, after being on only ten million less than a year ago.

The company also adds that over all it has 60 million users – which means that not only is growth fairly explosive, but also that it isn’t doing too badly at converting users into paying customers, having currently 25% of current users paying up for an advert-free service.

It hasn’t all been plain sailing though – the company still faces regular criticism over how it remunerates artists and last year, very publicly fell out with Taylor Swift.