Eddy Cue: Apple Music reaches 38 million subscribers

Spotify Technology SA plans to list shares on the New York Stock Exchange next month according to people with knowledge of the matter

Spotify filed to go public last month, revealing 46 percent year-over-year growth to 71 million subscribers in 2017, out of 159 million total monthly active users. Spotify is offering a one month free trial as did Apple Music, although Deezer is offering a three months free trial, according to Globes.

Music streaming company Spotify Technology S.A. has launched its service in Israel on Monday at a press conference in Tel Aviv.

That suggests the company will need to use its clout to strike more lucrative deals in the coming years if it wants to turn a profit from a growing subscriber base as it battles Apple, Amazon.com Inc and Google. However, Spotify is the world's biggest streaming music company with more than 70m paying customers and offers a range of music discovery tools favoured by its fans. Google does not release paid subscriber numbers for its service, Google Play Music.

In addition to its paid service, Spotify also offers an free ad-supported version to help draw users into the service.

From an ordinary user perspective, subscribers will have access to a catalogue of over 36 million songs and over 2 billion playlists.

More news: Met Opera fires conductor James Levine after 'credible evidence' of misconduct

Cue said that the combined subscriber of Apple Music and Spotify which is a rival company of Apple have more than 100 million subscribers.

"We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users", said Eddy Cue, Apple's senior vice president of internet software and services.

With Spotify available on PlayStation Music, you have a special way to enjoy streaming music on your PlayStation 4 while gaming.

The Spotify app is available now in the Google Play Store for Android phones and the App Store for iOS devices.

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