The Strange State Of Streaming Music

    Spotify lost over $100 million in 2010 and 2011, with $57 million of those losses in 2011. That's despite fact it had revenues of $236 million last year, with nearly 33 million registered users. Pandora, meanwhile, lost $20 million on revenues of $81 million in its most recent quarter. Tech press favorite Rdio cannot be doing any better. So, when does this become a viable business?

    Matt Buchanan
    by Matt Buchanan

    BuzzFeed Staff

    The Strange State Of Streaming Music

    mediadecoder.blogs.nytimes.com

    Spotify lost over $100 million in 2010 and 2011, with $57 million of those losses in 2011. That's despite fact it had revenues of $236 million last year, with nearly 33 million registered users. Pandora, meanwhile, lost $20 million on revenues of $81 million in its most recent quarter. Tech press favorite Rdio cannot be doing any better. So, when does this become a viable business?