Spotify Paid Out $61 Million To Labels In 2010
Updated. In 2010, Spotify grew from 250,000 paying users in March to 750,000 at the end of the year. During that time, the company paid out just over $61 million to rights holders and labels.
Spotify has signed one deal with Sony Music.
To come to the US, they will need another large label such as Universal Music.
Otherwise, the catalog holes will be too great. Even if the company is able to sign more deals, a Q1 launch isn't likely, as they'll need time to prep marketing plans.
Thank you to the crew at ballade for this news tip.