Wednesday, September 30, 2020

Russia’s latest music streaming entrant is state-owned Sberbank | Music Ally

Spotify’s launch in Russia this July put the spotlight back on one of the more intriguing music markets in the world – historically dogged by piracy, but now with a collection of global and local services trying to turn the tide back to legal music.

Now Spotify, Yandex, vKontakte, Apple Music and others have a new rival to contend with: state-owned bank and financial services firm Sberbank.

The news actually broke last week in Russia when Sberbank announced the acquisition of an existing music streaming service called Zvuk, which has more than six million registered users, and is available in Russia and 10 other countries in its region.

The full article is available to our subscribers only.

Login Subscribe

(where there are options for monthly, twice-yearly, annual and trial subscriptions)

Stuart Dredge


  • Access our full reports archive
  • Hundreds of reports available to download
  • Sign up for a TWO WEEK TRIAL FOR FREE

No comments: