Spotify is currently the largest music
streaming service globally, with Apple Music coming in second.
Representatives for both Apple and Spotify could not immediately
be reached for comment on Sunday.
Apple Music's U.S. subscribers grow about five percent monthly,
while Spotify's U.S. subscribers grow by about two percent
monthly, the Wall Street Journal report said, citing people
familiar with the numbers. http://on.wsj.com/2nHpjsJ
Neither Apple Music nor Spotify publicly breaks out figures for
its U.S. subscribers or any other markets.
Apple Music told the Wall Street Journal it now has 36 million
global subscribers, up from 30 million the company reported in
September. Spotify said on Twitter in January that it had 70
million subscribers.
According to the report, the number of subscribers to both
services are often boosted by individual users who are on family
plans and users with discounted subscriptions that come in a
bundle along with other services.
Spotify is due to carry out a highly anticipated initial public
offering in the first half of 2018.
The company has confidentially filed for an IPO with U.S.
regulators, according to a source familiar with the matter.
Note: Reuters has not verified this story and does not vouch for
its accuracy.
(Reporting by Renita D. Young, Editing by Rosalba O'Brien)
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