March 21, 2023


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Spotify set to launch in Russia – different

2 min read

A year and a half after its launch in India, Spotify will enter another fertile market: Russia.

First reported by and confirmed by the global music business Diversity According to sources, July 15 will mark the 80th region of the Swedish streaming giant, about 100 million smartphones. For every MBW, Spotify expects to partner with Russian Telco MTS for its launch. Spotify declined to comment.

At Spotify’s latest quarterly revenue call at the end of April, the company reported 130 million paid subscribers and a total of 266 million reports worldwide. Two weeks ago, shares of Spotify reached an all-time high – 26 267.48 per share – boosted by an upgrade to Goldman Sachs, raising its price target from 20 205 to 0 280.

The company has acquired its recent podcast acquisitions and equipped new advertising technology that has increased its revenue and subscribers. In the wake of the podcast land acquisition, the company announced a multi-year contract with Warner Bros. and DC Entertainment to produce and distribute an original slate of narrative scripted podcasts based on the stability of superheroes and super-villains, including Superman, Batman, Wayne, And the Joker.

This spring, Spotify has signed a বেশি 100 million deal to exclusively distribute Joe Rogan’s “The Joe Rogan Experience” podcast, starting in 2020, and Kim Kardashian has signed a deal with Obama for an exclusive podcast on criminal justice reform with Kim Kardashian West. . It bought Gimlet Media, Anchor and Percast last year to launch podcasting; In February, Spotify named Bill Simmons ’The Ringer, making a deal centering on an early podcast lineup.

Last month, Spotify became available to Comcast TV and broadband subscribers to stream from their television sets.

Spotify boasts over 50 million music tracks and over 1 million podcasts.

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