Written for and appeared at: http://news.yahoo.com/music-streamer-spotify-expand-asia-latam-north-europe-111322063.html
Reuters/Reuters – Daniel Ek, CEO & Co-Founder of Spotify, addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 9, 2012. REUTERS/Sean Gardner
STOCKHOLM (Reuters) – Music streaming web service Spotify said it was expanding into Asia and Latin America, announcing plans to launch in eight new countries as it attempts to catch up with larger rival Pandora Media Inc and keep ahead of new entrants to the sector.
Unlisted Spotify, which has about 24 million “active” users – those who have used it in the last 30 days – and 6 million paying subscribers, said it would now offer its services in 28 markets worldwide.
“We’re taking our first steps in Latin America with Mexico, and Asia with Hong Kong, Malaysia, and Singapore,” the company said on its blog page on Tuesday. “Plus we’re thrilled to make new friends in Estonia, Latvia, Lithuania and Iceland.” Continue reading