US Spotify launch may not involve majors
News: 26th November 2010 by Louise Dodgson under Record Labels, Selling & Distributing Your Music
Apparently, some financial troubles reported by Spotify's auditors, Ernst & Young, means that Spotify may just push ahead with its US launch without having the 4 major labels on board. The music streaming services recent accounts show that it has lost £16 million in the past year. Ouch! So the race could be on to bring in some fresh revenue, and the launch of their service in America may be the way to do that. It seems that cracking the US could be what makes or breaks Spotify, so fingers crossed they get the launch right.
Related Links
http://www.guardian.co.uk/technology/2010/nov/23/spotify-us-record-labels
http://www.ft.com/cms/s/2/353768a4-f677-11df-846a-00144feab49a.html#axzz166HfdqEN
http://blogs.forrester.com/mark_mulligan/10-11-23-digging_into_spotifys_numbers
Tags
spotify, daniel ek, major labels, record companies, record labels, music streaming
