#UK Spotify just unseated Pandora to become the most popular music streaming app in the world


Zane Lowe spotify Apple Music

Spotify has knocked Pandora off the throne to become the most popular music streaming in the world, according to a new report from app analytics firm App Annie.

Spotify has come out on top in terms of revenue, active users, and downloads. And App Annie predicts Spotify will only widen the margin even further in the months to come.

This is not good news for Pandora, though the Oakland-based company maintained the top spot for most active users in the US (on iOS and Android).

Pandora’s CEO Brian McAndrews recently implied that Spotify had an unsustainable business model, and was burning money in an attempt to build its user base. That strategy seems to be working for Spotify, at least in the short term. McAndrews elaborated on his position in an op-ed published today.

Pandora has seen recent stock troubles after $85.9 million loss last quarter seem to shake investor confidence. 

Here is a chart of the top music streaming apps, compiled by App Annie:

Screen Shot 2015 12 01 at 11.24.52 AM

SEE ALSO: Pandora CEO: This is why giving people access to on-demand music that’s ‘free all the time’ is a problem

Join the conversation about this story »

NOW WATCH: If You’re Going To Pay For Music — Pay For This

from Business Insider http://ift.tt/1NG1pHD

This entry was posted in #UK by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !