Spotify and Sony Music Group have announced an extension and expansion of their long-standing, successful global partnership.
As part of their ongoing collaboration, Sony Music Entertainment and Sony Music Publishing have each entered into multiyear agreements with Spotify.
The companies will work together 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 in the U.S., 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 deals with Sony Music Group are built to better support artists and songwriters by unlocking new formats and forging deeper connections with fans," said Alex Norström, Co-President & Chief Business Officer at Spotify. "This alignment creates space for new opportunities and long-term growth for everyone involved."
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