Through the new deal, the two companies will renew their “commitment to artist-centric principles” and reinforce a “mutually beneficial relationship for songwriters on the platform” Universal Music Group (UMG) and Spotify have announced the striking of a new multi-year deal that will usher in “the next era of streaming innovation” – find out more below. READ MORE: Why Amazon Music is genuinely the best value streaming service Yesterday (January 26), UMG and Spotify announced their new deal, which will continue their long-running partnership dating back to 2015. In a press release, the two companies shared that the new deal was shaped around recorded music and music publishing that will be focused on “growth, innovation and the advancement of artists’ and songwriters’ success”.
Per the deal, both consumers and artists will be able to access “new paid subscription tiers, bundling of music and non-music content, and a richer audio and visual content catalog”. At the time of writing, information on the new subscription tiers have not been made public. A man passing through a screen displaying Spotify logo.
CREDIT: Dilara Irem Sancar/Anadolu via Getty Images In an effort to “advance the next era of streaming innovation”, UMG and Spotify are also renewing their “commitment to artist-centric principles”, which includes “a mutually beneficial relationship for songwriters on the platform”. They aim to establish this through a new license that will.
