Zvooq is working with both major and independent labels. For instance, it also partnered with independent digital distributor Syntax Creative recently. “For us, as a music service targeting mass audiences, it is important to give every user an opportunity to find something that suits their tastes and any situation,” Mulkidzhanova said.
Zvooq operates under a freemium business model with both free and paid tiers. Last year, the company secured $20 million in series A financing to continue building out its presence in Russia. Its main rival in that country are music properties owned by Internet search provider Yandex.