The Rhapsody streaming subscription music service, which has been around for 10 years, has just reached over one million paying subscribers. The growth also means Rhapsody president Jon Irwin kept his promise and shaved his head to commemorate the milestone. Just last year, Rhapsody was at 650,000 subscribers when it became an independent company.
While company isn’t revealing how many more subscribers it has over one million, Irwin used “blow through” to describe it.
Competitor Spotify, which just entered the US market earlier in 2011, has 250,000 subscribers in the US. It offers an ad-supported free version of its service, which Irwin believes isn’t sustainable in the long run. Rhapsody changes $10 per month for access to its music library. The firm also has recently launched an Android app to go along with its iOS app.
Rhapsody expects to continue to grow its company with new partnerships and products.
