NEW YORK (REUTERS) – Apple Music is on monitor to overhaul Spotify by variety of US subscribers, the Wall Street Journal reported on Sunday (Feb four), citing individuals within the music business conversant in figures reported by the 2 companies.
Spotify is at present the biggest music streaming service globally, with Apple Music coming in second.
Representatives for each Apple and Spotify couldn’t instantly be reached for touch upon Sunday.
Apple Music’s US subscribers develop about 5 per cent month-to-month, whereas Spotify’s US subscribers develop by about two per cent month-to-month, the Wall Street Journal report stated, citing individuals conversant in the numbers.
Neither Apple Music nor Spotify publicly breaks out figures for its US subscribers or every other markets.
Apple Music instructed the Wall Street Journal it now has 36 million global subscribers, up from 30 million the company reported in September. Spotify stated on Twitter in January that it had 70 million subscribers.
According to the report, the variety of subscribers to each companies are sometimes boosted by particular person customers who are on household plans and customers with discounted subscriptions that come in a bundle together with different companies.
Spotify is because of perform a extremely anticipated preliminary public providing within the first half of 2018.
The company has confidentially filed for an IPO with US regulators, in keeping with a supply conversant in the matter.