Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Spotify's Daniel Ek: We'll Launch in the U.S., Just Not Sure When

Spotify, the U.K.-based music-streaming site will eventually launch the service in the U.S., its CEO Daniel Ek said in an interview at D:Dive Into Mobile, but he wouldn’t commit to a specific date. That’s a step back from a previous promise to launch the service in the U.S. in 2010.

Asked specifically about a prior commitment to launch Spotify in the U.S. before the end of the year, Ek blamed the complexities of working with U.S. recording labels. “It’s a business problem and a product problem at the same time.”

He said he remains hopeful about launching in the U.S. “We are definitely going to do the U.S., you’ll see. I’m here today….I can’t commit to a specific date.”

Ek said Spotify has about 750,000 customers in Europe who pay an average of 10 euros per month.

Asked if Spotify is raising money in order to perhaps put more on the table in negotiations with music labels, Ek said the company is not raising money right now. “But we won’t rule it out.”

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It’s one of the dirty secrets of economics: technology progress does grow the economy and create wealth, but there is no economic law that says everyone will benefit.

— Erik Brynjolfsson, a professor at the MIT Sloan School of Management, who theorizes that advances in computer technology, like advanced robotics, are behind the post-2000 employment slowdown, and that technology is destroying jobs faster than it can create them