Sunday, 27 February 2011

Spotify - North American launch imminent

Music streaming service - Spotify are apparently getting closer and closer to a North American launch following deals that have been made with two of the four major record labels in the USA.

Rumour has it that if the company can negotiate one more signature, the launch across the USA will closely follow. The company is set for a $1 billion dollar valuation as a result of corporate fundraising and paid out over $50 million to record labels last year.