*Based on company announcements. Chart updated Thursday morning so reflect a more realistic growth estimate.
Apple is buying Beats for $3.2 billion dollars. But Spotify now has 100 times the paying subscribers that Beats has. According to details disclosed this morning, Spotify now has 10 million paying subscribers worldwide, with 3 million in the US alone. The service is available in 56 different countries.
Additionally, Spotify now has 40 million total users, meaning 30 million are streaming for free, with advertisements. That means one in four is paying something for the service, though Spotify has dramatically fudged its topline user numbers in the past.
Spotify says 12 billion hours of music have been streamed since they launched in 2008.
More details as they emerge.