The streaming service plans to expand to new markets that will allow the company to target a billion new potential customers in the coming days. Spotify announced its international expansion plans at a "Stream On" virtual press event Monday that also included a few product updates, including a preview on a high-definition streaming tier that is slated to launch in the coming months.
Spotify has yet to announce pricing and other details for this new subscription tier. The company did use Monday's event to also announce its take on the popular stories format, which the company calls Clips. Finally, CEO Daniel Ek said that the company ended 2020 with 8 million creators; he said that Spotify could have as many as 50 million creators on its platform by 2025.
Update: This story was updated to reflect that South Korea is not part of the new expansion plans. Spotify launched in South Korea on Feb. 1.