Universal Music Group (UMG) and Spotify have announced multi-year agreements covering recorded music and music publishing. The deals promise to benefit artists, songwriters, and consumers through new subscription tiers, bundled content, and a richer catalog. Notably, the new publishing agreement establishes direct licensing between Spotify and Universal Music Publishing Group, potentially leading to increased royalties for artists in the US and other select countries. Both companies emphasize a commitment to artist-centric principles and collaboration on Streaming 2.0.
multi-year agreements for recorded music and music publishing. Under the new agreements, UMG and Spotify claim 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 catalogAnother interesting piece of information mentioned in the announcement is that the new publishing agreement establishes a direct licensing between Spotify and Universal Music Publishing Group across the music streaming service’s current product portfolio in the United States and several other countries.
This implies that Spotify might finally start paying artists increase royalties, at least in the US and those unnamed countries. Another phares that suggest that is that “ the new agreements also renew the companies’ commitment to artist-centric principles, ensuring that artists continue to be properly rewarded for the share of audience engagement that they driveand Universal Music Group will certainly benefit both equally, especially that the companies have agree to collaborate on the deployment of Streaming 2.
Cosmin, a tech journalist with a career spanning over a decade, brings a wealth of experience to PhoneArena. His expertise lies in brands like Samsung and Nokia, and he has a keen interest in innovative technologies. After a brief stint in PR, Cosmin returned to tech journalism in 2016, committed to delivering clear and objective news.
MUSIC STREAMING ROYALTIES ARTIST-CENTRIC PRINCIPLES SPOTIFY UNIVERSAL MUSIC GROUP
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