Universal Music Group and Spotify join forces to seal a massive deal that could forever change the future of the music ...
The new publishing agreement establishes a direct license between Spotify and Universal Music Publishing Group.
The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.
Spotify has been ramming nearly every subscriber into a cut-rate bundled package — and boasting about the huge royalty savings while fighting publishers tooth-and-nail. Now, there’s serious pushback ...