Spotify is shuttering business in Russia in response to the invasion of Ukraine by that country. In one declaration for VarietyThe company said it “fully suspend” the Russian service indefinitely. While the music broadcaster initially thought it was important to maintain certain services in operation to provide “reliable and independent” information, he feared that recent laws restricting freedom of expression and accurate reporting swipe security staff and auditors “in danger.”
The company already shut down access to its premium paid service earlier in March and removed content from Russian state-backed media RT and Sputnik. That decision cut the free service.
The additional withdrawal probably won’t hurt Spotify’s finances to any significant degree, but it could limit the company’s influence in Russia. While the country accounts for just 1 percent of Spotify’s total revenue, Deloitte valued the service was the second-largest music streaming service with a 36 percent share in 2021. It’s no small feat when Spotify only reached Russia in July 2020And the Tour sensor noted that there were already nearly 15 million across Apple’s App Store and Google Play installs.
The rivals have already taken steps to varying degrees. Apple has suspended all sales of products in Russia at the beginning of March, while the service is stopped in Deezer at the same time. Spotify is a special case in this regard, and was facing growing pressure to cut off all access and show support for Ukraine.