Spotify

Tim Bradshaw

American readers – brace yourselves. The most-hyped European music phenomenon since the Beatles has finally arrived. After two years’ wait, Spotify is set to open its doors in the US on Thursday. Read more

Tech news from around the web:

Location-based service Foursquare is to start incorporating daily deals from social shopping companies such as Groupon, LivingSocial, Gilt Groupe into its product, Mashable reports. Foursqaure plans to pass on daily coupons from its partners to the service’s users — taking a cut of the revenue along the way. Read more

Tim Bradshaw

Facebook’s hint that it will be launching “something awesome” this coming week has prompted feverish speculation about what the social network will unveil, as it faces fresh competition from Google+Read more

Tim Bradshaw

Spotify has just launched a new download service and integration with non-touchscreen iPods, capabilities that have been more than a year in the making.

But Spotify is insisting this lengthy timescale is not another symptom of its tensions with record labels – rather it shows just how difficult it is to create a rival to iTunes for managing music on the go. Read more

Tim Bradshaw

The backlash against Spotify’s changes to its free service appears to be growing by the hour. More than 5,300 comments have been left on the company’s blogpost announcing that it would halve the 20-hour listening limit and impose a five-play cap on each individual song. Read more

The buzz around the stratospheric private market valuations of US technology groups such as Facebook, Groupon and Living Social is spreading to Europe, as investors seek to make the most of growth opportunities in internet companies.

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Tech news from around the web:

  • Warner Brothers is claiming to be the first film studio to offer movies for rent via Facebook, according to the Hollywood Reporter. Friends of Christopher Nolan’s Batman film Dark Knight can rent the film by going to the film’s Facebook page and clicking a “rent” icon. The cost per rental is 30 Facebook Credits, or $3, and viewers will have 48 hours from the purchase to watch the film.

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Tech news from around the web:

  • Spotify, the European music streaming service is ‘a few weeks away’ from inking a deal for US rights to songs from Universal Music Group, the world’s largest music company, people familiar with the talks have told Reuters. However, Spotify could end up launching without Warner Music Group, the number three music label group, says one person close to the talks.

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Spotify has stayed silent about the impact of Apple’s new subscription plans, perhaps because it was too busy negotiating $100m in new funding, but MOG has now joined the list of digital media start-ups and venerable publishers expressing consternation and confusion.

“From a principle perspective, I have a problem,” says CEO David Hyman. “We’ve spent years building this, and invested millions. It’s not clear to me why they deserve a bigger piece of my business than I get. It doesn’t feel right at all.” Read more

Tech news from around the web:

  • Spotify is in the process of closing a financing that values the European streaming music start-up at about $1bn, according to TechCrunch. DST, the venture firm that has backed Facebook, Groupon and Zynga, is said to be leading the deal.

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