Monday, July 11, 2016

Spotify återerövering of Russia – re-launch at the time – Business Week

Sources to Russian media reports that a new trial is going on.

the music service Spotify might think about on a venture in Russia. According to Russian media sources watching the Swedish company in a release.

Spotify closed down its office in Ryssand last year and laid their plans for the launch of mothballs. That decision may now be about to be reconsidered, writes the Russian business daily Vedomosti, referring to the sources according to Billboard.

Spotify itself has chosen not to comment on the data.

READ MORE : Spotify hires a Wall Street expert – now smell the listing

Spotify created a Russian subsidiary in 2014 and was preparing a launch. In February last year, decided quickly to close down its office and cancel the entire venture. The head of the Russian company Alexander Kubaneishvili also got to go.

The Russian market for music streaming grew by 11 percent to $ 30.4 million last year, according to figures from auditing giant PricewaterhouseCoopers. Spotify also has competition in the form of the Apple Music, Guvera and local actors Yandex, a company backed by the Russian counterpart to Google.

Read also: Spotify has reached a magical limit – more than 100 million users

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