Spotify CEO Daniel Ek says that the company will be “making its presence felt” in the music business in the United Kingdom.
Ek made the remarks in a speech to investors at a special investors conference on Tuesday.
“We’ve been really excited to see what the UK music industry has been up to recently, but what we’re really excited about is being able to make Spotify a living thing in the country,” he said.
“We want to be in the heart of music.”
As part of Spotify’s UK expansion, Ek said the company is investing $1bn (£660m) in new factories to make its devices.
Spotify, which has around 25 million active users in the US, is looking to expand its US distribution, but Ek said Spotify was “actively looking” for more distribution opportunities in the next year.
“The way we see it, Spotify has to become more global to succeed in this business.
So we’ve been working really hard over the last year to get a lot more distribution, and we are excited to be bringing it to a new platform,” he told the crowd.”
But we are not going to stop there.”