Streaming Music Isn't Dying, It's Changing
Spotify is losing more money than ever, but it and its competitors have plans to keep the streaming music business going.By Evan Thomas | May 9, 2015
Streaming music service Spotify is losing record amounts of money.
The service makes most of its revenue from user subscriptions, which represent 25 percent of its 60 million strong userbase.
But that’s not enough to pay the bills: while Spotify’s annual revenue climbed in 2014, its losses almost tripled.