The Wall Street Journal is reporting that music streaming service Spotify is poised to enter Canada. Specific timelines haven't been provided, nor has Spotify confirmed that such a plan is definitely in place.
The publication dug deep into the company's annual account filing and came across a management report that's dated April 23, 2012. In it, Spotify notes that it plans on entering the Canadian market. It also indicates that the company wants to get into Asia and South America as well.
Spotify already has subsidiaries set up in Canada, Hong Kong and Singapore.
Available in 15 countries, Spotify allows consumers to stream music on their PCs and mobile devices. Users can use the service for free (with ads), or pay for a Premium or Unlimited monthly package.
Spotify had a total of 32.8 million registered users by the end of 2011. The company has been in business since 2008.