post_page_cover

Spotify Announces New Multiyear Deal With Universal Music Group

Jan 28, 2025

Spotify and Universal Music Group announced a new multiyear deal on Sunday, establishing a direct license between the streamer and music label in the U.S. and several other countries.

The agreement will be focused on “growth, innovation and the advancement of artists’ and songwriters’ success,” a press release said.

The release also noted that artists, songwriters and listeners will benefit from “new and evolving” offers to come from the deal, including “new paid subscription tiers, bundling of music and non-music content and a richer audio and visual content catalog.”

The deal is part of UMG’s Streaming 2.0 plan, the music label’s recently published vision for the future of music streaming which emphasizes increased listener value through subscriptions and exclusive content.

“This is precisely the kind of partnership development we envisioned,” chairman and CEO of UMG Sir Lucian Grainge said in a statement of the Spotify deal. “This agreement furthers and broadens the collaboration with Spotify for both our labels and music publisher, advancing artist-centric principles to drive greater monetization for artists and songwriters, as well as enhancing product offerings for consumers.”

The release did not note specific details on the deal’s value or its exact length.

Spotify’s founder and CEO Daniel Ek added: “For nearly two decades, Spotify has made good on its commitment to return the music industry to growth, ensuring that we deliver record payouts to the benefit of artists and songwriters each new year. 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.”

UMG also expanded its partnership with Amazon music in December, citing their Streaming 2.0 vision and saying in a statement the company would work with its partner “collaboratively to address, among other things, unlawful AI-generated content, as well as protecting against fraud and misattribution.”

The Spotify deal echoed this language, noting the agreements renew both companies’ “commitment to artist-centric principles, ensuring that artists continue to be properly rewarded for the share of audience engagement that they drive and that their streaming royalties remain protected through the platform’s application of its fraud detection and enforcement systems.”

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by filmibee.
Publisher: Source link

YOU MIGHT ALSO LIKE
Why Netflix Canceled Sci-Fi Hit ‘The Boroughs’ After One Season
Why Netflix Canceled Sci-Fi Hit ‘The Boroughs’ After One Season

Streaming hits don't usually get canceled mid-victory lap. A show lands, the reviews glow, it climbs the Nielsen charts, and a renewal starts to feel like a formality, right up until the studio makes a decision. That's what just happened…

Jun 21, 2026

...
Netflix’s Action Adventure Series Returns for One Last Ride in Season 5 Trailer

The final season of Outer Banks is only a couple of months away, and Netflix has celebrated its imminent release with a brand-new trailer. This next batch of episodes will serve as the farewell for The Pogues. Outer Banks season…

Jun 20, 2026

Matthew McConaughey & Woody Harrelson Reunite in First Look at Apple TV Show
Matthew McConaughey & Woody Harrelson Reunite in First Look at Apple TV Show

Matthew McConaughey and Woody Harrelson have worked together before, in 1999 on the comedy EDtv and again in 2014 on the first season of True Detective, HBO's eerie crime drama. Offscreen, they've gotten just as much attention over the theory…

Jun 19, 2026

...
Disney Officially Confirms New ‘Home Alone’ for Streaming Release This Christmas

It's hard to predict what movies will become classics and what movies will become flops, with 1990's Home Alone being the perfect example. Despite coming from director Chris Columbus, who wrote Gremlins and The Goonies, young actor Macaulay Culkin was…

Jun 18, 2026