Universal Music Group and Spotify ink new deal to boost artist earnings and introduce new subscription tiers.

Universal Music Group and Spotify have signed a new multi-year agreement to enhance artist monetization and consumer offerings, including new subscription tiers and bundled content. The deal, covering the U.S. and other countries, aims to boost innovation and artist success, aligning with UMG's "Streaming 2.0" strategy. Spotify also recently increased U.S. subscription prices and cut costs to improve profitability.

2 months ago
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