After missing their planned launch by the end of last year, it looks like Spotify is finally nearing a US launch, thanks in part to today’s announced deal with Universal.
Online music service Spotify AB inched closer to a long-delayed U.S. launch, signing a distribution agreement with Vivendi SA’s Universal Music Group, according to people familiar with the matter.
The deal, which one of these people said was signed on Thursday, comes in addition to similar pacts with EMI Group Ltd. and Sony Corp.’s Sony Music Entertainment. The remaining major-label group, Warner Music Group Corp., was in advanced discussions on Friday with Spotify.
In addition to recent licensing deals with Universal, Sony and EMI, Spotify has also signed a pact with Facebook to bring a version of their service to Facebook users. That service has yet to launch, and may be held up until a deal can be struck with Warner Music Group. According to insiders familiar with the WMG negotiations, an agreement is likely to be made by the end of this week.