Universal Music Group and Spotify Agree to New Streaming Collaboration

Articles

Summary

Spotify Announces New Multiyear Deal With Universal Music Group

"This partnership ensures we can continue to deliver on this promise by embracing the certainty that constant innovation is key to making paid music subscriptions even more attractive to a broader audience of fans around the world.”

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The Hollywood Reporter

Universal Music, Spotify reach new multiyear distribution deal - The Business Times

The world’s largest record label and the leader in music streaming said the new deal reflects changes in Spotify’s business model, including new pricing tiers and the bundling of music and non-music content.

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Business Times

Spotify inks multi-year deal with Universal Music, its first major publisher agreement since controversial ‘bundle’ rollout

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Fortune

News Results

Spotify and UMG Strike Multi-Year Deal to Reinvent Music Streaming

Universal Music Group (UMG), the world's largest music label, and Spotify, a Swedish streaming behemoth, announced a new multi-year agreement. This partnership aims to enhance consumer offerings through innovation and new subscription models. Spotify's recent cost-cutting measures, including layoffs and price hikes, aim to boost profitability.

MIDDLE

2d ago

Universal, Spotify ink multi-year deal

Universal Music Group and streaming behemoth Spotify announce a multi-year direct deal. The deal will affect both recording and publishing royalty rates. The companies did not provide details on the value or specific length of the agreement. It appears to indicate a sign of compromise when it comes to Spotify's controversial "bundling" rollout.

MIDDLE

2d ago

Spotify, Universal Music Strike New Deal For Recorded Music & Publishing

Universal Music Group and Spotify have struck a new direct deal. The new multiyear partnership will expand monetization opportunities for recorded music and publishing. It aligns with UMG's new "Streaming 2.0" strategy outlined this year. The deal also includes continued protection for UMG through Spotify’s fraud.

MIDDLE

2d ago

Spotify and Universal Music Group strike major multi-year deal

Spotify has inked a major deal with Universal Music Group. The two companies have reached a multi-year publishing agreement. It will see new subscription tiers and a “richer’ content catalogue. The deal will also establish a direct licence between the two companies.

MIDDLE

2d ago

Spotify, Universal Music Group Strike Multi-Year Deal

Spotify and Universal Music Group have struck a new multi-year agreement for recorded music and music publishing. Consumers and artists alike will gain access to new paid subscription tiers, bundling options for music and other audio content. The collaboration aims to “advance the next era of streaming innovation”

LEFT

2d ago

Universal Music Group and Spotify ink new multi-year deal ushering in "the next era of streaming"

Universal Music Group (UMG) and Spotify have announced the striking of a new multi-year deal. The two companies shared that the new deal was shaped around recorded music and music publishing. Per the deal, both consumers and artists will be able to access “new paid subscription tiers, bundling of music and non-music content”

MIDDLE

2d ago