The four major record labels are warming up to Spotify, the popular European streaming music service trying to launch in the United States.
Spotify is still without signed contracts to license music from any top label and there are still numerous points to be negotiated, but the company has never been closer to finalizing deals than now, said multiple sources with knowledge of the talks.
One of the ways that Spotify has stirred the labels is by offering big money advances, the sources said. The amount could not be verified. Spokespeople for Spotify and the labels either were not immediately … Read more