According to Music Business Worldwide and Variety's sources in the company, the Spotify streaming service will launch on July 15 in
In the company's latest quarterly reportSpotify reported 130 million paid subscribers and 286 million users worldwide. Two weeks ago, Spotify shares reached a historic high of $ 267.48.
This will be Spotify's first large-scale expansionafter launching in India in February 2019, the publication notes. Sources also said that after launching in Russia, Spotify will enter the South Korean market.
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Russian and foreign publications several times alreadywrote about Spotify's plans to launch in Russia. Journalists noted that after years of active growth in the US and Europe, Spotify is considering launching in Russia, Asia and Latin America as an opportunity to attract new users. For example, in early March, Forbes, citing sources, reported that Spotify would launch in Russia in the second quarter of 2020. According to them, the cost of a subscription will be 169 rubles.
The latest news about the launch of the company appeared inearly 2020 - media reported that Spotify plans to launch a service in Russia in the fall of 2020 and is in talks with MTS. However, later publications noted that the launch had to be postponed due to the coronavirus pandemic.
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