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Spofity signs first U.S. deal with Sony

Following rumors that streaming music provider Spotify was close to reaching its first deal with a U.S. record label, MediaMemo reports that the company has finally put one in its win column stateside. Spotify today signed a deal with Sony that will give the service access to Sony’s music catalog in the U.S., according to the report. The terms of the deal are said to be very similar to Spotify’s European deals, which would give U.S. users access to ad-supported streaming to a computer for free or ad-free streaming to a variety of devices for a monthly fee. The deal does not mean that a U.S. launch of the Spotify service is imminent, however. The company still needs to get additional labels on board, and it has had a great deal of trouble wooing U.S. labels thus far. Theories as to why labels are so reluctant include fear of further cannibalization of CD sales and fear of upsetting Apple, the top music retailer in the country.

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.