Spotify Given Valuation of $5.7 Billion, According to New Report
 

The news of Spotify's growth continues to roll in seemingly every week. The streaming giant just an**unced a deal with PlayStation and Sony that would launch a revamped service PlayStation Music across and PlayStation Network by connecting users's Spotify accounts to their gaming accounts. With all of the expansion that company has gone through in the past year or two, it has become one of the darlings of the music industry and tech startup world, where money flows like water. Spotify is seeing the payoff of that expansion with increasing valuations of its company, despite **t being able to turn a profit. The latest valuation, according to a report from market research company Manhattan Venture Research, according to "Billboard," **w has the Swedish streaming service sitting at $5.7 billion.

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