The music streaming service now has well north of the 2 million paid suscribers that chief executive Daniel Ek revealed last month, according to the Financial Times.

And the company, which suffered significant losses in 2010, is hoping that its all-you-can-eat package will benefit further from a rise in subscribers after becoming the default music service on Facebook which has 800 million users.

Spotify previously had indicated a conversion rate of around 10 percent in Europe but has not updated ...