Spotify eyes over a billion listeners as it prepares to launch in more markets

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.