Spotify and BMG have announced they’ve entered into a multi-year direct U.S. publishing licensing agreement.
The deal, according to the two companies, is “designed to deliver greater value to songwriters and their teams.”
The latest agreement follows a long list of other deals Spotify has inked with major music companies and publishing organizations in an effort to increase artist and songwriter compensation.
“At Spotify, we believe the future of music depends on stronger collaboration across the industry,” said Spotify Co-President and Chief Business Officer Alex Norström. “Our partnership with BMG advances that vision with renewed support for songwriters through a licensing model that will enhance how music is enjoyed on our platform.”
“Working directly with Spotify helps us reinforce our mission to ensure songwriters are fairly represented and rewarded for their work,” added BMG CEO Thomas Coesfeld. “We’re pleased to agree on a progressive licensing model that reflects the real-world use of music across digital platforms and are excited to take our partnership to the next level as we continue to redefine what a modern music company can be.
“We applaud their momentum and support their position on developing new AI protections,” Cosfeld continued. “While we support the use of AI to enhance human creativity, these policies align with BMG’s philosophy and will help ensure that fair remuneration and protection of artists’ works remain non-negotiable.”
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