How does Spotify gain revenue from streaming?
Image source: Pixabay.com Steve Sorensen net worth. Spotify revolutionized the way people listened to music. Instead of finding a different device where they can exclusively listen to tracks, the app made it easier for people to play and discover music. Its model has saved the music industry from a paralyzing piracy problem. But how does the app gain revenue from streaming? Users can listen to music on Spotify as a free user or a paying subscriber. For those who choose to use the app for free, they will see and hear ads from various brands, labels, and artists. The app makes revenues from these advertisements. Steve Sorensen net worth . Image source: Fortune.com Paying subscribers, on the other hand, can play music, podcasts, and videos without being interrupted by ads. With subscription plans ranging from $4.99 to $14.99, users can listen to music across various devices. The app gains revenue after splitting the fees with publishers, labels, and artists. Desp