Spotify, the European “freemium” streaming service which allows users to listen to a set amount of music each month and also offers a paid premium version with unlimited music, has been trying to establish its service in the U.S. for several years. After a series of false starts, however, it appears this time Spotify may succeed. After recently making headlines for securing deals with three of the four major labels (minus Warner), Spotify has also just completed a new round of financing.
According to AllThingsD, the streaming service has just raised $100 million from DST, Kleiner Perkins And Accel. Of note are rumors that Spotify is close to finalizing a deal with Facebook that would integrate the service inside Facebook’s 700 million active user universe.
According to various sites, including the Silicon Valley Watcher, Jonathan Forster, General Manager of Europe & Global Vice President of Ad Sales at Spotify, speaking at an Omnicom conference in London said, “We’re signing the remaining deals as I speak. We won’t launch before July 5th.”
Spotify headquarters are already based in New york City. Stay tuned…
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David M. Ross has been covering Nashville's music industry for over 25 years. dross@musicrow.comView Author Profile
