Spotify hits 5m subscribers, has paid more than $500m in royalties, Metallica on board

Spotify founder Daniel Ek has claimed that his platform has paid out more than $500m (£311) in music royalties since launching in 2008.

The news came as the company CEO revealed in a press conference in New York that Spotify can now boast of more than 5 million paying subscribers globally, with over 20 million active users in total.

Ek's royalties claim comes just a week after music video streaming platform VEVO said it had paid back more than $200m ...

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