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Spotify forced to postpone US plans
MUSIC streaming firm Spotify has admitted it will not realise its ambitions of launching in the US before Christmas.
The firm said as recently as last month it would meet the target despite failing to sign agreements with all of the big four US labels.
But founder and chief executive Daniel Ek said yesterday he can no longer commit to the launch date. He said: “It’s a business problem and a product problem at the same time,” adding “Spotify is definitely going to do the US.”
Spotify’s head of special projects also said yesterday the firm has reached 750,000 paying subscribers.
Virgin Media is said to be interested in offering exclusive TV access to Spotify through its new TiVo package.