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Wireless

Spotify signs Warner Music deal as it prepares to go public

Friday 25 August 2017 | 09:15 CET | News
Spotify has reached a global licensing agreement with Warner Music, paving the way for its forthcoming US stock market listing. "It's taken us a while to get here, but it's been worth it, as we've arrived at a balanced set of future-focused deal terms," said Warner Music Group chief digital officer Ole Obermann in an announcement on social media. Earlier this year, Spotify signed multi-year licensing deals with the world's two largest music labels – Vivendi's Universal Music Group (UMG) and Sony Music Entertainment – and in July the company reached 60 million paying subscribers, adding 10

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Categories: Mobile & Wireless
Companies: Sony / Spotify / Universal Music / Vivendi / Warner Music
Countries: World
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