Spotify shows Apple who’s boss in streaming music
Two days after Apple (AAPL) unveiled its new streaming music service, market leader Spotify spelled out just how steep a climb the newcomer has ahead of it. Privately held Spotify detailed its explosive growth in a blog post on Wednesday. The London-based company said it now has more than 20 million paying subscribers and more than 75 million active users. A year ago, it had 10 million subscribers and 40 million active users. It added as many subscribers in the past year as it gained in its first 5.5 years in business. “That’s an average of one new subscriber every three seconds over the last year,” the company said. More listeners means more royalties paid to artists, songwriters and rights holders, it said. Spotify has paid more than $3 billion in royalties to date, including over $300 million in the first three months of 2015….