Spotify is moving closer towards launching itself in the worlds largest music market, America. A Techcrunch has said that all big four record companies currently own shares in Spotify. Spotify now has a big enough backing to satify copyright holders and open the New York ad sales office it is planning.
With this much financial support founder Daniel Ek believes that a release at the end of this year is on the cards.
According to investors the music streaming service is now worth an estimated $250 million.
Daniel Ek had previously said that he would not sell Spotify for $200 million and with it being valued at $250 million before release in America his stance seems to have been a very smart one.
With this much financial support founder Daniel Ek believes that a release at the end of this year is on the cards.
According to investors the music streaming service is now worth an estimated $250 million.
Daniel Ek had previously said that he would not sell Spotify for $200 million and with it being valued at $250 million before release in America his stance seems to have been a very smart one.
