The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we juggle some very interesting numbers revealed by Spotify at its ‘Stream On’ event earlier this week.
The mind-boggling amount of music being uploaded to Spotify continues to get even more mind-boggling.
As part of Spotify’s ‘Stream On’ event on Monday (February 22), the company confirmed that more than 60,000 new tracks are now being ingested by its platform every single day.
The figure, announced by Spotify’s co-Head of Music, Jeremy Erlich, means that across the course of this year, approximately 22 million tracks will be added to Spotify’s catalog.
Meanwhile, at 60,000 tracks per day, Spotify is seeing a new track uploaded to its platform every 1.4 seconds.
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