Spotify Hits 175,000 Paying and 1.4 Million Total U.S. Users

Spotify is a streaming music service that recently launched in the U.S. About 1.4 million people in the U.S. had joined for the free trial and now Spotify has 175,000 paying subscribers. It has been less than a month after they launched in the U.S. This is a 12.5% conversion rate. In Europe, Spotify hits about a 15% conversion rate. The main reason why users pay for Spotify is so that they get access to the music on their iPhones and Android handsets for $10 per month. [AllThingsD]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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