Spotify, one of the world’s biggest music streaming services, has cancelled its plan to launch in Russia. BBC Russia reports today that the Swedish company has taken a dramatic U-turn and dismissed the would-be head of the country’s division, Alexander Kubaneishvili. Kubaneishvili announced the news in a letter to partners, Russian news service RBC writes. In it, the businessman mentions his “regret” and explains that Spotify has now “refused to launch in the foreseeable future”. He adds that “the economic crisis, the political situation, the new laws governing the internet” are the main causes for the decision. RBC …read more
Source: Business Insider
