STOCKHOLM (Reuters) – Sweden’s Spotify said on Monday it would launch in new markets in the next few days which will make the music streaming service available to more than a billion people around the world.
The company, which launched its service over a decade ago, is currently available in 93 countries and has 345 million monthly active users.
Spotify also launched a new subscription service, Spotify HiFi, for which premium subscribers in select markets will be able to upgrade their sound quality of the songs to lossless CD-quality music.
(Reporting by Supantha Mukherjee in Stockholm and Kenneth Li in New York; editing by David Evans)
