Andre Yoskowitz
10 Jun 2011 17:58
It appears that popular European music streaming site Spotify has signed a deal with Universal Group, meaning it is one step closer to launching in the United States.
Over the past few months, Spotify has signed deals with Sony and EMI which means just Warner Music Group remains as a hold out from the Big 4 labels.
Most in the industry believed Universal would be the toughest of all the labels to negotiate a deal with so a Warner deal seems imminent at this point.
Spotify offers unlimited free streaming music. It is unclear what the business model will be in the United States.