What Spotify’s 55 Million US Subscribers Means for Podcasters, Authors and Musicians
Until now, no specifics have been shared publicly about the company’s new ‘basic’ plan
The Spotify application in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Hello, and welcome back to Soundbite. I hope everyone in Los Angeles is staying safe. We’re thinking about you and want to help in any way we can.
Today, for the first time, we’ll share how many Americans subscribe to Spotify and have lowered their subscription tier to the “basic” offering, sans audiobooks. This number, plus the number of regular US subscribers, have implications for several of the businesses that we regularly keep an eye on.