Jan. 27 at 1:26 AM
$SPOT $UMGP
Universal Music Group, Spotify announce new multi-year agreement
Universal Music Group and Spotify announced new, multi-year agreements for Recorded Music and Music Publishing focused on growth, innovation, and the advancement of artists' and songwriters' success. Under the new agreements, UMG and Spotify will collaborate closely to advance the next era of streaming. "Artists, songwriters and consumers will benefit from new and evolving offers, new paid subscription tiers, bundling of music and non-music content, and a richer audio and visual content catalog. By deepening audience experiences, driving further engagement and amplifying the connection between artists, songwriters and their fans, the collaboration between these two companies will position the industry for continued subscriber growth and retention," the company said.
