Promoted

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?

Check out more articles on BuzzFeed.com!

 
 
    Here Are The Top Stories
    • Police in Athens used pepper spray on protesters two days ahead of Greece's major bailout vote.
    • A medical helicopter crashed in Colorado. The crash killed the pilot and injured two crew members.
    • Serena Williams survived an upset at Wimbledon and defeated current Britain's Heather Watson. She'll play her older sister Venus in the next round of the tournament ?
    Get The News App

    Hot Buzz

    How Do You Stay Motivated During Ramadan?

    ramadan

    Tell Us About Your Most Awkward Celebrity Encounter!

    collection

    Now Buzzing