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Spotify and Warner Music Group ( WMG ) have unveiled a new multi - class arrangement that covers both recorded medicine and medicine publishing , the companiesannouncedon Thursday . WMG owns labels behind pop creative person like Dua Lipa , Coldplay , and Ed Sheeran .
The companies say in a press release that “ the young pot will help deliver new rooter experiences , a deeper music and video catalog , further paid subscription tiers , and specialise content megabucks . ”
The deal between Spotify and WMG pursue a similar one between the music streaming religious service and Universal Music Group ( UMG ) that wasannouncedtwo weeks ago .
“ For Spotify , 2025 is a year of accelerated execution , and our partners at Warner Music Group share our commitment to speedy innovation and sustained investment in our go music offerings , ” Ek said in the public press release . “ Together , we ’re push the edge of what ’s possible for audiences worldwide — making paid music subscriptions more appealing while sustain artists and ballad maker likewise . ”
The deal introduces a unmediated licensing model with Warner Chappell Music , which has a catalog of over 1 million copyrights in the U.S. and several other area .
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“ This major agreement delivers unexampled benefit for artists , songster , and fans while unlock further collaboration that expands the music ecosystem , ” said WMG CEO Robert Kyncl in the promulgation . “ It ’s a large step forward in our vision for greater alliance between rights holders and streaming services . Together with Spotify , we look forward to increasing the value of euphony , as we drive growth , wallop , and innovation . ”
The fiscal terms of the new raft were not disclosed .
On Tuesday , Spotify report itsfourth - quarter earningsand marked its first full year of profitability since its origination 17 years ago .
Its operate income for the quarter hit a disc € 477 million ( $ 509.48 million ) , contributing to a entire operating income of € 1.4 billion ( $ 1.495 billion ) for the 2024 fiscal twelvemonth . Spotify report an addition of 35 million monthly participating substance abuser ( MAUs ) , the turgid Q4 final addition in the company ’s history , fetch its total to 675 million .
