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Spotify, Warner Music Group Ink New Multi-Year Deal
Spotify and Warner Music Group struck a new multi-year licensing deal covering music and music publishing similar to a recent agreement with Universal Music.
The partners said the deal will help deliver new fan experiences, a deeper music and video catalog, further paid subscription tiers, and differentiated content bundles. “This major agreement delivers new benefits for artists, songwriters, and fans, while unlocking further collaboration that expands the music ecosystem,” said WMG GEO Robert Kyncl. The streamer in the past has been criticized for not providing adequate royalties to artists, including a high profile standoff with Taylor Swift in 2014.
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