Starbucks announces Spotify deal; more partnerships on the horizon

• Starbucks (NASDAQ:SBUX) and Spotify have struck a music partnership that will give the coffee chain's loyalty members access to exclusive content and input on in-store playlists.
• "This will be the first of many that we believe will create a significant new revenue source for the company," said Starbucks CEO Howard Schultz. "Over the course of months there will be a series of verticals that will extend beyond Spotify."
• The collaboration will start this fall in the U.S., followed by Canada and the U.K.
• SBUX +0.7% AH