Earlier this month Spotify made his debut in a very important market in Asia, South Korea and now, a few days after announcing that launch, the company plans in a few days to launch its service in 85 new markets in Asia, Africa and the Caribbean.
Currently Spotify has more than 340 million users, which, added to the users that could be obtained from the new markets to be introduced, now has the potential to go from that number of users to 1,000 million in a very short time.
What was announced yesterday by Spotify almost double the number of markets and among the new ones are regions where music streaming is taking its first steps.
As they point out in BloombergAlthough there are many millions of users, only less than 20% of them are from Asia, Africa and the Middle East, where the majority of the world’s population lives.
The announcement of Spotify It was produced at the event organized by the company for investors, called #StreamOn and in which Daniel Ek, CEO of Spotify spoke.
Among other things, Ek pointed out that “for the first time we have the technology to connect to the world through audio“.
This news was well received by investors, with a 6% increase in the share price, reaching $ 387.44 per share on the New York Stock Exchange.
Source: Geeks Room by feedproxy.google.com.
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