“Spotify has raised $100m (£61m) in a funding round that values the European music streaming service at $1bn ahead of its imminent US expansion.
…The funding round has been interpreted as a sign that Spotify’s long-delayed US rollout could be announced within weeks.
…Spotify’s general manager, Jonathan Forster, did little to dampen down the anticipating surrounding the service’s US expansion this week. He told an Omnicom conference in London on Tuesday that it would not make the move “before 5 July” – the first time a Spotify executive has put a firm date on the plans. Forster also confirmed that deals with the music majors were almost completed. “We’re signing the remaining deals as I speak,” he said.”
The Guardian (U.K.), “Spotify’s latest funding values it at $1bn”, 6.17.11
