TV/STREAMING . . .
Spotify Hits 100 Million Paid Subscribers. The music streaming service now has 217 million active monthly users as it looks to grow its advertising and video revenue. Music streaming giant Spotify on Monday reported a smaller fiscal first-quarter loss and said it grew its user base to 100 million premium subscribers and 217 million total active monthly users. Premium users were up from 96 million in the fourth quarter and 75 million in the year-ago period, while active monthly users were up from 207 million in the fourth quarter and 173 million in the year-ago period. Spotify had predicted the former to reach 97 million-100 million and the latter to hit 215 million-220 million in the latest quarter. The premium user gain was "driven by a better-than-plan promotion in the U.S. and Canada and continued strong growth in Family Plan," Spotify said. "We also saw strong growth from the expansion of our Google Home Mini promotion, as well as the price reduction to our Spotify P...