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Spotify set to meet with Sony, Warner Music, The Verge reports

A report from The Verge yesterday said that Spotify is planning to meet with Sony (SNE), Warner Music (TWX), and Universal Music in the next several weeks, according to industry sources. The report says Spotify is expected to ask for price breaks from the labels, as well as the rights to extend its free pricing to mobile devices. Today's weakness in Pandora (P), which is down 66c, or 5.00%, to $12.54, is being partially attributed to the report.