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Spotify Signs Licensing Deal With Universal

Streaming music service close to inking deals with all four major label groups

June 13, 2011 2:30 PM ET
Spotify Co-Founder, Daniel Ek attends a conference on Mobile Entertainment and Lifestyle:  The Future of Media on Mobile at the 2010 Mobile World Congress on February 17, 2010 in Barcelona, Spain.
Spotify Co-Founder, Daniel Ek attends a conference on Mobile Entertainment and Lifestyle: The Future of Media on Mobile at the 2010 Mobile World Congress on February 17, 2010 in Barcelona, Spain.
Robert Marquardt/WireImage

The music-streaming service Spotify has signed a licensing deal with the Universal Music Group, the largest of four major labels. As of now, the European company has U.S. deals in place with all of the major labels aside from the Warner Music Group, bringing them ever closer to launching the service in America.

Spotify, which offers limited "freemium" and unlimited subscription services in Europe, allows its users to stream music from their vast music library to computers, phones and other mobile devices. The U.S. version is expected to cost around $10 per month for unlimited access.

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In addition to recent licensing deals with Universal, Sony and EMI, Spotify has also signed a pact with Facebook to bring a version of their service to Facebook users. That service has yet to launch, and may be held up until a deal can be struck with Warner Music Group. According to insiders familiar with the WMG negotiations, an agreement is likely to be made by the end of this week.

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