The Wall Street Journal recently announced that Spotify, the former Europe-only free streaming music service, crossed the 1.4 Million user mark after just one month of operation in the US. Perhaps even more impressive, 175,000 – 12.5% of those accounts – have converted over to one the company’s 2 subscription models.
Assuming an even split between the $4.99 and $9.99 subscription plans, that means Spotify has established a recurring, sticky, high-growth, ~$16 million annual business in just a few weeks. Pretty impressive, for a bunch of Euro-interlopers in the Land of Jobs.
Boston startup scenesters are everywhere on the service: David Cancel, Chris Selland, Doug Haslam, Gradon Tripp, Jennifer Lum, Jon Pierce, Lee Hower, Mike Langford, Mike Schneider,Michelle McCormack, Mark Watkins, Nathan Burke, Rob Go, Scott Kirsner, and Steve Garfield, just to name a few (my profile is here.)
So what’s the appeal? Read the rest of my review in Bostinnovation.
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- Is Spotify’s Growth Impressive? (siriusbuzz.com)
- Century Media Pull Repertoire From Spotify (bravewords.com)
- The Spotify Effect (seattleweekly.com)
- Report: 1.4 million Spotify users in US, with many paying (digitaltrends.com)
- Pandora vs. Spotify (testingtruechange.com)
- Spotify reported to have 175,000 paid-up Americans, valued at $1.1 beeellion (engadget.com)
- Spotify Already Has 1.4 Million U.S. Users, But Will That Growth Continue? (nytimes.com)
- What is Spotify? (contested.wordpress.com)
Spotify must be really great! I have to try this out... Thanks for the info!
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