Spotify Is Finally Profiting [Headlines]
Spotify's announcement of profits in 2010 might be a sign that the music industry has a chance against piracy.
Spotify, the digital jukebox, is forecast to report a profit for the first time when it publishes its 2010 results later this year, in the biggest indication yet that a business model is emerging that could stem the millions lost to music piracy.
Already ahead of iTunes as the biggest digital music retailer in Sweden and Norway, Spotify now has 1.9 million paying subscribers in the US and Europe, although most of its 6 million active users still use its song library for nothing. Juliette Garside/The Guardian.