Universal Music Group and Spotify Agree to New Streaming Collaboration

The Hollywood Reporter
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
Business Times
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
Fortune
Spotify inks multi-year deal with Universal Music, its first major publisher agreement since controversial ‘bundle’ rollout

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.
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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.
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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.
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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.
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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”
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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”
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