Entertainment & Arts

Apple Music hits 38 million paid subscribers

(Reuters) – Apple Inc’s streaming music service now has 38 million paid subscribers, up from 36 million in February, the corporate mentioned on Monday.

FILE PHOTO – An Apple brand hangs above the doorway to the Apple retailer on fifth Avenue within the Manhattan borough of New York Metropolis, July 21, 2015. REUTERS/Mike Segar

Apple is locked in race for subscribers with Amazon.com Inc, Alphabet Inc’s Google and others as streaming music turns into the dominant type of paid music consumption. Apple’s quantity compares to 71 million premium subscribers on the finish of 2017 at business chief Spotify, which plans to checklist shares within the coming weeks on the New York Inventory Alternate below the ticker image SPOT.

Apple mentioned Eddy Cue, senior vice chairman of web software program and companies, disclosed the latest subscriber quantity for Apple Music on the South by Southwest competition in Austin, Texas.

Amazon Music Limitless has 16 million paying subscribers, and Pandora Media Inc has 5.48 million complete subscribers. Google doesn’t launch paid subscriber numbers for its service, Google Play Music.

Apple, Spotify, Google and different companies cost $9.99 a month for music. Amazon affords its service to members who already pay for its Prime membership, which incorporates delivery, video content material and different advantages, for $7.99 per thirty days.

Reporting by Stephen Nellis; Enhancing by David Gregorio

Yasir Ali
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