"How much money is streaming music service Spotify generating for the music industry?
According to figures shared with Music Ally by the company, its payouts to rightsholders have topped €40 million since it launched in October 2008. That’s based on streams of songs across its seven European territories.
However, €30 million of those were paid in the first eight months of 2010, as usage of Spotify has grown sharply. That could be boiled down to €3.75 million a month, but Music Ally understands that the figure was much lower at the start of 2010, and much higher now."
Source: Figures from Spotify, revealed to Music Ally, 28th October 2010
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