Garett Sloane and Clair Atkinson at the New York Post:
It has been nine months since Spotify debuted in the US and was hailed as a coming music revolution, offering subscribers all-you-can music for up to $10 a month. Now, insiders close to the music labels say the revolution has not been all that was promised, with fewer people paying for subscriptions than expected
Since last June, Spotify has signed up 3 million US subscribers. About 20 percent — or 600,000 — pay for the service, according to data obtained by The New York Post.
I have to say, I’m still not convinced by the long-term sustainability of Spotify. And, because of that, I’m not prepared to pay money to rent music that, further down the line, I may not have access to due to Spotify going bust. Why not put the money towards buying music that I own?
I like the idea of free Spotify for finding music and deciding if I like something (though with the 90 second samples you now get with iTunes, I still use that mostly). But I’m really not bought into the idea of renting music.
And these new statistics about Spotify in the US only add to my sense that I don’t (for now at least) want to pour any money into it.