Spacelab - indie music news, music festivals, music videos and free mp3 downloads, music reviews for indie rock, alternative music and electronic music. Music tech you can use.
 
 
  MUSIC NEWS     TOUR DATES     MUSIC TECH NEWS     MUSIC FESTIVAL NEWS          NEWS ARCHIVE
 
 
 
 
 
     
Spotify Facebook Music Collaboration Likely, Spotify Worth $1 Billion

Spotify In July: U.S. Launch Likely Next Month

Bookmark and Share
 
By: Corey Tate
June 25, 2011
 

The latest in Spotify news is targeting a July launch date in the U.S., more specifically between July 5th and 15th, according to The Noisecast. They had an email exchange with "an executive of a major record label" that said a Spotify U.S. launch would happen in mid-July, or more precisely, between July 5th and 15th. Noisecast also says that Spotify might be invite-only to start.

Spotify subscription prices are likely to be somewhere in the range of $10 a month, making it comparable to MOG and other similar music streaming services. Noisecast also mentions the rumor of a Facebook tie-in as being true, saying the email says that you can “connect nicely to Facebook” with Spotify.

The new Facebook Spotify music offering is likely to be listed under a tab in the left-hand column of a Facebook page, alongside Photos, Friends, Places (etc.) and will be a "music dashboard" that integrates music recommendations from friends. Details are unconfirmed so far, but it looks like this area would not be limited to Spotify, but will be a music dashboard for a variety of music platforms, like iTunes in the Cloud, MOG, or whatever streaming music service your Facebook friend uses.

Spotify has secured deals with Universal Music, Sony Music and EMI Music, leaving Warner Music as the (usual) last major label to get on board with licensing. A July Spotify launch could mean that deal is done with Warner Music.

Spotify recently closed a round of investments at around $100 million from DST, Kleiner Perkins and Accel, according to Peter Kafka at All Things D. Spotify has been working to raise money from these groups for about 6 months, although they just finished working on the deals. Supposedly this puts the value of Spotify at $1 billion. All in all, Spotify has 1 million subscribers in Europe and over than 10 million registered users overall. A Spotify USA thing could add nicely to those numbers.

Check out more about steaming music sites in the Spacelab Streaming Music Guide.

 
Tags: Spotify, Digital Music News
 
 
Click here to subscribe Jack in to the RSS feed for Spacelab headlines