New York – Spotify, the European streaming music service
that postponed an expected U.S. launch in 2011, is close to a deal with Sony (NYSE: SNE)
Music, and has "gained the support" of at least one other major
record label, the New York Post reported, citing two music industry sources.
The company is reportedly "days away" from a deal with Sony, which if
true would signal a potential end to rumored difficult negotiations between
Spotify and labels on its U.S. launch.
Labels are reportedly wary of Spotify’s
unlimited, ad-supported free streaming service, and are asking for very large
upfront payments.
Spotify also offers a premium, subscription-based service
free of ads.
"Negotiations are progressing well, but [we have] nothing to
confirm at this stage," a Spotify spokesman told The Post.
Related Links:
http://tinyurl.com/47mgovo
(N.Y. Post)
