Spotify andSony Music Group today announced an extension and expansion of their long-standing, successful global partnership. As part of their ongoing collaboration,Sony Music Entertainment andSony Music Publishing have each entered into multiyear agreements with Spotify focused on delivering continued growth and innovation in music streaming that provides greater value for artists, songwriters, and consumers worldwide.
Together, Spotify and Sony Music Group will work to keep improving the listening experience while creating more opportunities for artists and songwriters to reach audiences everywhere. These initiatives will launch new product offerings, including enhanced audio and visual formats that enable deeper connections with fans.
Spotify’s agreement with Sony M…
Spotify andSony Music Group today announced an extension and expansion of their long-standing, successful global partnership. As part of their ongoing collaboration,Sony Music Entertainment andSony Music Publishing have each entered into multiyear agreements with Spotify focused on delivering continued growth and innovation in music streaming that provides greater value for artists, songwriters, and consumers worldwide.
Together, Spotify and Sony Music Group will work to keep improving the listening experience while creating more opportunities for artists and songwriters to reach audiences everywhere. These initiatives will launch new product offerings, including enhanced audio and visual formats that enable deeper connections with fans.
Spotify’s agreement with Sony Music Publishing includes a new direct licensing arrangement inthe US, ensuring songwriters share more directly in the growth of streaming.
“Our partnership with Sony is built on a shared drive to shape the future of music. Together, we’re accelerating the pace of innovation to create powerful new opportunities and increasing revenue for artists and songwriters,” said** Daniel Ek, Spotify’s Founder and CEO**. “These agreements aren’t just a milestone; they’re a catalyst for building a more dynamic and prosperous music ecosystem for everyone.”
Rob Stringer, Chairman of Sony Music Group, said, “Sony Music Group and Spotify have long been mutually committed to advancing music streaming and growing the marketplace for all. This is further reflected in our new agreements, where we’re working to develop futuristic approaches that ensure our artists and songwriters remain appropriately compensated for their work, and audiences are getting a high-quality experience that’s ever evolving.”
“These deals with Sony Music Group are built to better support artists and songwriters byunlocking new formats and forging deeper connections with fans,” saidAlex Norström,Co-President and Chief Business Officer at Spotify. “This alignment creates space for new opportunities and long-term growth for everyone involved.”