Get the latest gossip

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

Spotify and the Universal Music Group have struck a new deal that will expand platform monetization and change how songwriters get paid for streams.

Grainge said, in his complete statement about the deal, “When we first presented our vision for the next stage in the evolution of music subscription several months ago — Streaming 2.0 — this is precisely the kind of partnership development we envisioned. 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.” “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.”

Get the Android app