Spotify lost nearly £17 million in 2009 – but still plans on a 2010 US launch!
The swedish music streaming company, Spotify, just released their financial results for 2009 which shows a loss of £16.66 million, around $26 million. Sales, administration and distribution accounts for about £27.7 million but Spotify couldn’t get their revenue above £11.3 million for the year. Music Ally estimates that Spotify had 7 million users across Europe … Read more →