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7/14, 7:46 PM (Source: TeleTrader)
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Spotify launches in Russia, 12 other European markets

Spotify Technology S.A. announced on Tuesday that its music streaming service is now available in Russia and 12 other European markets.

The total number of markets where the service can be downloaded reached 92. According to Spotify, its app includes 50 million music tracks and 4 billion playlists. The company also said that 286 million of its existing users and 130 million Premium subscribers will be joined by listeners from 13 European markets.

"Russia in particular is one of the world's top 20 largest streaming markets-and this launch opens the door for nearly 250 million fans to start discovering new music from their countries and around the world," Spotify emphasized in a press release.

Breaking the News / MS