Spotify Inks Deal With IODA
My new best friend, Spotify, has just struck a deal with online distribution service IODA, which will add nearly 2 million songs to its catalog.
The music streaming site has already penned deals with all 4 majors (Sony, Universal, Warner and EMI) and over 20,000 independent labels, IODA is another big partner for Spotify and will give users access to artists such as The Prodigy, Burial, Bob Marley and the Wailers, Bashy, Frank Black, Vieux Farka Touré and Broken Social Scene.
“Spotify has created a compelling product that redefines the notion of user-friendly and clearly speaks to the desires of the music fan,” said IODA founder and CEO Kevin Arnold in a statement. “We’ve seen a lot of promise from ad-supported revenue models. Spotify is exciting and unique in that the promise is backed up with a tangible subscription model and a slew of fresh ideas on how to grow the platform.”
Daniel Ek, CEO and founder of Spotify, added: “One of the challenges all music services face is providing a wide range of music for users of all conceivable tastes. We’ve worked hard to add classical, punk and indie content from different sources and this deal with IODA is another leap forward in our mission to provide users with the biggest, most diverse musical catalogue on the planet.”
Spotify have gained over 2 million users in the U.K. and 4 million in Europe, they plan to launch in the U.S. later this summer.
Sony also inked a deal with IODA earlier this month to create a new leading distribution and services network for independent rights holders.
















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