Spotify Signs Deal With Sony. More Labels Still Needed For U.S. Launch.


The quest for Spotify music streaming services in the U.S. just inched a little closer to reality today. Sources of AllThingD’s Peter Kafka have stated that Spotify just recently closed a deal with Sony in the U.S. market, finally putting to rest countless rumors over the last several months indicating such a deal was actually being hammered out. While good news for Spotify hopefuls, the road is still long and treacherous. Sony is but one label in a country with 4 major ones controlling most of the mainstream music market. Other things to consider that can/will hold up a Spotify U.S. launch date include the costs associated with marketing, advertising, further deals with smaller business labels, etc. But hopefully now that Spotify has a foot in the door, other labels will follow Sony’s lead.


Via: AllThingsD