Universal Music Group & Spotify announce new multi-year agreements

Spotify and Universal Music Group announce a groundbreaking multi-year partnership to enhance music streaming.
Spotify and Universal Music Group announce a groundbreaking multi-year partnership to enhance music streaming.

Universal Music Group (UMG) and Spotify have announced new multi-year agreements for Recorded Music and Music Publishing. The partnership focuses on growth, innovation, and supporting artists and songwriters.

Key Highlights of the Partnership

Universal Music Group (UMG) Chairman and CEO Sir Lucian Grainge said, “This agreement expands our collaboration with Spotify, helping artists and songwriters earn more and enhancing the experience for listeners.”

Spotify, Founder and CEO, Daniel Ek added, “This partnership allows us to continue innovating and improving paid music subscriptions, reaching more fans worldwide.”

The new agreements aim to advance the next phase of streaming. Plans include new subscription tiers, bundled music and non-music content, and a broader catalog of audio and visual content. Both companies aim to deepen audience engagement and strengthen the connection between artists, songwriters, and fans.

Publishing Agreement Enhancements

The publishing agreement includes a direct license between Spotify and Universal Music Publishing Group in the U.S. and other regions, ensuring songwriters benefit from the platform.

Commitment to Artist-Centric Principles

The companies also renewed their commitment to artist-centric principles, focusing on fair rewards for artists based on audience engagement and protecting streaming royalties through fraud detection systems.

About Universal Music Group (UMG)

Universal Music Group (UMG) exists to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content.

Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world.

Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans.

About Spotify

Since its launch in 2008, Spotify has revolutionised music listening. Our move into podcasting brought innovation and a new generation of listeners to the medium. In 2022, we took the next leap, entering the fast-growing audiobook market—continuing to shape the future of audio.

Looking Ahead

With this groundbreaking agreement, Spotify and Universal Music Group are paving the way for a new era of music streaming. Fans can look forward to an enhanced experience with diverse content offerings, while artists and songwriters gain more opportunities to thrive in the digital age.

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