Spotify and Warner Music Group (WMG) unveiled a new multi -year agreement covering both recorded music and music, companies Declare Thursday. WMG has brands behind famous artists such as Dua LIPA, ColdPlay and Ed Sheeran.
“The new deal will help in providing new experiences for fans, deeper music and video catalog, more paid subscription levels, and distinct content packages,” companies said in a press statement.
The CEO of Spotify Daniel Ek said on Tuesday that the company will provide it New installment layer “Superfan” This will include additional features for subscribers. The comments come at a time when Spotify was harassing the Hi-Fi layer for years.
The deal between Spotify and WMG follows a similar one between the music broadcast service and the global music group (UMG) that was Declare Two weeks ago.
With these new deals, Spotify has the opportunity to launch new offers to attract more subscribers and increase revenues.
“As for Spotify, 2025 is a year of accelerated implementation, and our Warner Music Group partners share our commitment to quick innovation and continuous investment in our leading musical performances,” EK said in the press statement. “Together, we are paying the limits of what is possible for the masses all over the world – which makes the paid music contributions more attractive with the support of artists and the song of songs alike.”
The deal provides a model for direct licensing with Warner Chapel Music, which includes more than a million moves in the United States and many other countries.
“This main agreement provides new benefits for artists, songs and fans with more cooperation that expands the ecosystem of music,” said WMG. It is a big step forward in our vision of more compatibility between rights holders and broadcasting services. Along with Spotify, we look forward to increasing the value of music, and we direct growth, influence and innovation. “
The financial conditions of the new deal have not been revealed.
On Tuesday, Spotfi told her profits in the fourth quarter and was distinguished by the first full year of profitability since its establishment 17 years ago.
Its operational income for a quarter of 477 million euros (509.48 million dollars), which contributes to the total operating income of 1.4 billion euros (1.495 billion dollars) for the fiscal year 2024. Spotify told the addition of 35 million active users (MAUS), which is the largest net net q4 addition In the history of the company, up to 675 million.
