Spotify, the streaming music startup, was having serious trouble paying its bills, if you believed reports from earlier this year. Its 2011 financials showed a loss of nearly $60 million on revenues of $244 million. But this information is out of date, because the company has had a relatively strong 2012. It made $200 million in total revenue over the first six months of 2012, and is on an annual run-rate that could put it around $500 million by January, according to industry sources. Despite another net loss this year, Spotify's business model -- free streaming music with ads, or $10 a month for additional features and no ads -- is going in the right direction.Source: http://feedproxy.google.com/~r/Techcrunch/~3/6VBAfICVXfs/
