iTunes may have close to 800 million registered accounts, but Spotify thinks they’ll soon be dominating iTunes in Europe.
Spotify’s head of European label relations, Kevin Brown, told MusicWeek: “Some of our partners are saying Spotify is now generating more revenue each month across Continental Europe than iTunes…“
Brown went on to say:
“Given that download sales are declining and Spotify is growing rapidly, particularly in the UK, it is only a matter of time before Spotify is bigger than iTunes across Europe as a whole.”
Spotify also says that iTunes is not their primary competitor:
“We’re still put in the same bucket as iTunes by some labels, whose music then appears on YouTube. That drives me nuts.”
Spotify recently partnered with the Sunday Times and Vodafone, which is responsible for much of their U.K. growth.
In March 2013, Spotify announced that they had 24 million active users and 6 million paying subscribers. They have not announced any numbers since, but sources to The Guardian say Spotify is waiting to surpass 10 million paying subscribers before their next announcement.
When Nina Ulloa isn’t writing for DMN she’s usually reviewing music or at a show. Follow her on Twitter.