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Spotify to launch in more markets, reach over a billion listeners

STOCKHOLM, Feb 22 (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)

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