Spotify is launching its streaming service in Russia and 12 other countries in Europe, reaching potentially 250 million new users.
The streaming service has announced an expansion into 13 new markets, reaching potentially 250 million new users -- if only it can sign them up.
The launch comes as the digital streamer has been expanding aggressively into new markets. It introduced the platform The Russian music market, the 17th-largest overall, was the fastest-growing in the world in 2019, up 50.3% to $171.7 million in revenues, according to the IFPI. It is poised for strong growth. Streaming revenues jumped 76% to $134.1 million in 2019. And it had 7.5 million subscribers in the first quarter of 2020, Mulligan says.
Spotify’s launch in Russia, which has been long-delayed, comes as the country’s streaming landscape has been maturing locally. Spotify originally planned to launch in Russia in early 2015. Back then, it opened a Russian office and hired a regional director.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Black Lives' mural outside Trump Tower defaced for 3rd timeA “Black Lives Matter” mural painted on the street in front of President Donald Trump's namesake New York City tower has quickly become a target for vandalism, defaced with bucketfuls of paint three times in less than a week.
Read more »
Blood Banks Face a Generation Gap in GivingThe U.S. blood supply has dropped to critically low levels during the pandemic. At a time of declining supplies and rising need, groups are pushing to develop new methods for persuading young people to donate.
Read more »
The CDC held off publishing new guidelines for school reopenings after attacks from the White HouseThe new guidelines were held back from release this week, after Trump called older ones "tough & expensive" and pushed for reopenings without them.
Read more »
Netflix tanks on earnings miss and disappointing subscriber-growth forecast | Markets InsiderNetflix shares dropped as much as 8.5% in premarket trading on Friday after the group's second-quarter earnings and third-quarter forecasts disa...
Read more »
Academic Project Used Marketing Data to Monitor Russian Military SitesCellphone location data purchased from marketers enabled researchers at Mississippi State to track the movements of Russian generals. The data have major implications for national-security and law-enforcement agencies, too.
Read more »