Here Comes Spotify
July 7, 2011 at 3:56 AM (PT)
PANDORA is close to having some additional competition as a webcaster in the U.S., as SPOTIFY, the European-based digital music service, posted on its website WEDNESDAY that it will "soon be landing on U.S. shores."
THE LOS ANGELES TIMES notes, "the move was surprising because SPOTIFY does not yet have the necessary licenses to play songs from WARNER MUSIC GROUP's extensive catalog, according to industry sources knowledgeable with the negotiations. SPOTIFY has secured agreements with the other three major record labels -- UNIVERSAL MUSIC GROUP, EMI GROUP and SONY MUSIC ENTERTAINMENT."
SPOTIFY added UMG just last month (NET NEWS 6/13).
SPOTIFY's U.S debut has been highly anticipated. The Swedish company claims 10 million registered users, including 1 million subscribers who pay a monthly fee for its premium service.