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Warner Music Announces New Deals With Spotify and Amazon as Part of Mixed Earnings Report
Warner Music struck a new deal with Spotify ending the companies’ disputes over a 'bundling' subscription option, as part of a mixed earnings report.
According to the announcement, the new deal “will help deliver new fan experiences, a deeper music and video catalog, further paid subscription tiers, and differentiated content bundles. The agreement also builds on the companies’ existing alignment around ‘artist centric’ royalty models that reward and protect the power of artists to attract and engage audiences.” Like Universal’s deal, the new publishing agreement introduces a direct licensing model with Warner Chappell Music in several additional countries including the U.S. Robert Kyncl, CEO, WMG, said: “This major agreement delivers new benefits for artists, songwriters, and fans, while unlocking further collaboration that expands the music ecosystem.
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