Music streamer Spotify doubles 2012 revenues after expansion

Daniel Ek, CEO & Co-Founder of Spotify, addresses attendees during the International CTIA WIRELESS Conference & Exposition in New OrleansSTOCKHOLM (Reuters) – Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday. The Stockholm-based company, which provides free on-demand music or ad-free tunes for paying customers, posted a 58.7 million euro net loss, compared with the 45.4 million loss it had in 2011 on turnover of 190 million. …