Spotify continues to soar over global competitors on paid subscriptions

Streaming has become this decade's preferred way of listening to music. It's an $11 billion industry, making up 47% of global music industry revenues, according to IFPI's Global Music Report. Spotify has become the clear winner globally in terms of paid subscribers. Taking on behemoths like Apple, Amazon and Google, Spotify has dominated the global streaming music industry with about 130 million premium subscribers worldwide. Watch the video to learn what's next for the company.