Spotify Plans to Launch in Canada

Spotify is preparing to launch its music streaming service in Canada, according to its recently published annual accounts, reports the WSJ.

The accounts of Spotify's holding company -- Luxembourg-based entity Spotify Technologies SA -- were made available earlier in August. The annual account filing contains a management report, dated April 23 this year, where Spotify said a launch on the Canadian market is planned. Spotify said this move will further consolidate its position as the world's largest music-streaming service, and added that it may seek to expand into "countries in Asia and South America."

Notably, Spotify has already established subsidiaries in Canada, Singapore and Hong Kong, three places where its service isn't yet available. Currently, the company operates in 15 countries, including the U.S., the U.K. Germany, Australia and New Zealand.

A spokesperson said, Spotify "of course plans to launch in new countries."

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