Reuters logo
4 months ago
Spotify and Universal Music agree multi-year license deal
April 4, 2017 / 2:25 PM / 4 months ago

Spotify and Universal Music agree multi-year license deal

1 Min Read

April 4 (Reuters) - Music streaming service Spotify said on Tuesday it had signed a global, multi-year license agreement with Universal Music Group (UMG).

Spotify said in a statement the agreement would offer more flexibility for new releases.

The company, which has not yet shown a profit as it spends to grow internationally, is considering a potential U.S. stock market listing, according to a February TechCrunch report. (Reporting by Stockholm Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below