Apple Music now boasts more than 38 million subscribers

Apple Music now boasts more than 38 million subscribers

There's no word when Spotify will be using the user generated corrections. but did offer: "Line-In is a work-in-progress, and we'll be adding features over time".

The South Africa launch comes as Spotify prepares for a direct listing for its shares on the New York Stock Exchange, which will let investors and employees sell shares without the company raising new capital or hiring Wall Street banks to underwrite the issue.

Cost of revenue - which mainly consists of royalty paid to music record labels and music publishers - rose 49 percent in 2016, but just 27 percent previous year, the company's documents showed. Taking a wider view, Spotify's subscriber growth rate still outpaces Apple Music's - the Swedish company saw 10 million subscribers join in the span of about 4 months.

CNET reports that Cue is looking to a market of about 2 billion customers who can access and pay for streaming rights, a far cry from Apple's and Spotify's current combined reach of barely over 100 million.

Almost 60 percent of Spotify's monthly users were ad-supported subscribers in 2017.

China says trade war with USA will hurt global economy
Beijing and Washington have agreed to hold talks in Beijing in the near future to discuss economic and trade matters. China does not want to enter in a war with the US , as it would have devastating consequences for world's economy.

Spotify was launched in 2008 and now has some 159 million users, 88 million of whom use the free version.

There may still be problems ahead. It's unclear when Spotify will share more details on this new feature.

Spotify boasts over 159 million listeners worldwide. Its operating loss widened to 378 million euros in 2017 from 349 million euros.

Apple Music competes with leading paid music platforms like Google and Amazon in the race.

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