Spotify Closes Big Round Ahead Of U.S. Debut
"Spotify CEO Daniel Ek can use some of that cash to support a planned U.S. launch this summer," All Things D writes. "Its efforts to get into the U.S. have been stymied for two years, and recently, Spotify has had to scale back what it offers for free to European users -- either to appease the music labels, or to save money, depending on which version of the story you believe."
That said, the company now has U.S. licensing deals with three of the four big music labels, and is reportedly in advanced talks with Warner Music Group. As was recently announced, Spotify is also working with Facebook on a big integration deal, but which isn't expected to be tied to its U.S. launch.