On the heels of announcing that its revenue had topped $2 billion for the first time, Spotify on Monday unveiled a Premium for Family plan priced at $14.99 a month, matching that of Apple Music’s family plan. The streaming service is touting the plan, which includes the main subscriber plus five others, as “just $5 more than you’re currently paying for Premium.”
The streamery is also now offering a summer special: three months of premium membership for the one-month price of $9.99, with sign-ups at the reduced price offered through 6/30.
Spotify Technology SA reported Monday in a legal filing in Luxembourg that Spotify’s revenue hit $2.19b in 2015, while its losses totaled $194.2m.
Advertising revenues nearly doubled—to $219m—while subscription revenues were up 78% to $1.96b.
In the royalty, distribution and other costs column, i.e., money paid to labels and artists, the tally hit $1.83b, an 85% spike from 2014. The total represents 84% of Spotify’s total income.
Its user base grew 29m to 89m over the year, with 28m paying the $10/month subscription fee. Spotify handles just over 40% of all music streaming on the Internet.
Spotify says its new deal is a standard price and not a limited-time offer, and will offer all the options that come with a standard individual membership.
![]() Record-breaking heat wave in the forecast. (9/6a)
![]() This oughta be interesting. (9/6a)
![]() We're putting our asses in seats. (9/4a)
| ||
THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
|