HomeRe-/LaunchIs Spotify going to quit its plan to launch in the US?

Is Spotify going to quit its plan to launch in the US?

It seems like the long awaited US launch of Spotify will take even longer than many of us hoped or expected. For those who aren’t familiar, Spotify is a hugely popular audio streaming and media services provider, founded in April 2006 by Daniel Ek and Martin Lorentzon.

According to The Telegraph, Spotify might be reconsidering its plans to launch in the US soon. The Swedish music-streaming service is facing high financial demands from US record companies, and may be reconsidering its next moves.

Although Spotify refused to comment directly on the issue, it did say that it has no concrete date for the US launch at the moment. With its ad-supported and subscription-based service, Spotify is profitable within its native country of Sweden.

Spotify was launched for public access on October 2008 and is now operating out of its offices in Stockholm, London and Luxembourg.

By the way: You can find out about other interesting startups from Sweden in this list.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


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