I'm a little worried the past few days reading about Spotify's losses over the years and (possibly evil) Apple's move to convince labels to leave Spotify's free streaming service as Beats relaunches. To make matters worse, numerous artists are complaining of insufficient compensation and are starting to leave the streaming service. But according to Time, not everyone can pull a Taylor Swift. So there is still hope.
Spotify had almost been my only source of music for over a year save for the occasional songs that I purchase from iTunes. There's been no regrets ever since I signed up for Maxis' discounted Premium Spotify service. I've been able to listen to most (remember that not every artist/label participates, unfortunately) of my preferred songs offline and best of all, choose which songs to play, on the go. Hence, there is some truth to Torrent Freak's claim that Spotify does convert listeners (not necessarily pirates!!!) of its free version to premium subscribers. Sadly, the conversion rate is still far from profitability.
I sure hope Spotify's situation will improve despite all the challenges it faces. Perhaps its imminent video streaming music could help.
Update 16 May 2015: No need to worry. Spotify is not going to remove its free tier. According to The Next Web, a Spotify spokesperson said the tier IS working!
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