{"id":9057,"date":"2018-03-17T19:54:13","date_gmt":"2018-03-18T01:54:13","guid":{"rendered":"http:\/\/nigerianews.ca\/?post_type=news&#038;p=9057"},"modified":"2018-03-17T19:54:13","modified_gmt":"2018-03-18T01:54:13","slug":"spotify-launches-its-services-in-s-africa","status":"publish","type":"news","link":"https:\/\/nigerianews.ca\/news\/spotify-launches-its-services-in-s-africa\/","title":{"rendered":"Spotify launches its services in S\/Africa as an entrance into African market"},"content":{"rendered":"<div class=\"program--Sci tech programBlockHeader\">\n<p class=\"article__title\">Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure.<\/p>\n<\/div>\n<section class=\"article-wrapper\">\n<div class=\"\">\n<section class=\"article__body\">\n<div class=\"article-content\">\n<div class=\"article-content__text article-content__left-column\">\n<div class=\"teads-inread sm-screen\">\n<div>\n<div class=\"teads-ui-components-credits\">The Swedish company, launched in 2008 and available in more than 60 countries, is the biggest music streaming company in the world and counts services from Apple Inc, Amazon.com Inc and Alphabet Inc\u2019s Google Play as its main rivals.<\/div>\n<\/div>\n<\/div>\n<p>The South Africa launch comes as Spotify prepares for a direct listing of its shares on the New York Stock Exchange, which will allow investors and employees to sell shares without the company raising new capital or hiring Wall Street banks to underwrite the issue.<\/p>\n<p>\u201cWe believe South Africa is a wonderful country to start in,\u201d Spotify Managing Director in Middle East and Africa Claudius Boller told Reuters on the sidelines of the launch.<\/p>\n<p>\u201cWe looked at the technology landscape, we looked at the maturity and actually South Africa is seen globally as a very important music market.\u201d<\/p>\n<p>Spotify also has aspirations to branch out into the rest of Africa, Boller said, without committing to timelines or geographies.<\/p>\n<p>An increase in connectivity across South Africa, helped by higher investment in infrastructure, as well as a growing uptake in credit cards and bank accounts has drawn global video and music streaming providers.<\/p>\n<p>Its music streaming market is dominated by players such as Apple Music, Google Play, France\u2019s Deezer and Simfy Africa, with only a few local operators such as mobile phone operator\u2019s <span class=\"caps\">MTN<\/span> and Cell C with <span class=\"caps\">MTN<\/span> Music+ and Black.<\/p>\n<p>Internet and entertainment firm Naspers also recently launched music streaming platform Joox, from China\u2019s Tencent, in which it holds a 33 percent stake.<\/p>\n<p>In its filing to list its shares, Spotify said its operating loss widened to 378 million euros ($465.32 million) in 2017 from 349 million euros.<\/p>\n<p><strong><em><span class=\"caps\">REUTERS<\/span><\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure. The Swedish company, launched in 2008 and available in more than 60 countries, is the biggest music streaming company in the world [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9058,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[320,323],"class_list":["post-9057","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-tech","news-category-top-news","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spotify launches its services in S\/Africa as an entrance into African market<\/title>\n<meta name=\"description\" content=\"Spotify launches its services in S\/Africa as an entrance into African market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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