News - 25/08/2017

Spotify and Warner reach a multi-year licensing deal

Spotify and Warner reach a multi-year licensing deal

Finally, it's done: indeed, Spotify has now convinced all the major labels to sign up to new multi-year licensing deals. Music coloss Warner is the latest - and last - to agree to a deal with the streaming platform: so, its recorded music catalogue will be available on the service for the foreseeable future.

Universal and Spotify reached a deal in April, while Sony signed a deal last month.

Ole Obermann, Chief Digital Officer, WMG, commented on the renewed partnership with Spotify:

It’s taken us a while to get here, but it’s been worth it, as we’ve arrived at a balanced set of future-focused deal terms. Together with Spotify, we’ve found inventive ways to reinforce the value of music, create additional benefits for artists, and excite their fans all over the world. Even with the current pace of growth, there’s still so much potential for music subscription to reach new audiences and territories.

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