London – Spotify, the European streaming music service that
had promised to launch in the U.S. by year’s end, will not meet that
self-imposed deadline, CEO Daniel Ek told All Thngs D.
"It’s a business
problem and a product problem at the same time," Ek remarked, on the
reasons for the delay.
Spotify offers a free, ad-supported music streaming
service in a number of countries in Europe that is attracting some 10 million
users, in addition to a paid service that counts around 750,000 subscribers.
company has reportedly been in talks with the major record labels for a year on
a U.S. launch, but has yet to reach a deal with any of them.
Ek added that
although the company is not currently in the midst of raising new financing,
the company would not rule it out.
(All Things D)