Spotify, Warner Music Group sign new deal to help deliver ‘further paid subscription tiers’

Spotify and Warner Music Group (WMG) unveiled a new multi-year deal that covers both the recorded music and music publications, companies Declaration Thursday. Own labels behind popular artists like WMG DUA Lipa, Coldplay and Ed Shinn.

Companies said in a press release that “the new contract will help provide the new fan experience, a deep music and video catalog, more given subscription level and separate material bundle.”

Spotify CEO Daniel said one Tuesday that the company would offer A new “superfan” premium level This will include additional features for customers. Comments come as spotify teasing Hi-fi layer For the year

The deal between Spotify and WMG was followed by a similar one between Streaming Service and Universal Music Group (UMG) Declaration Two weeks ago.

These new deals have the opportunity to attract more customers of Spotify and launch new offers to increase earnings.

“For Spotify, 2025 is a year of acceleration, and our partners in the Warner Music Group have shared our promise to rapid innovation and sustainable investment in our top music offers,” EK said in a press release. “Together, we are pressing the boundaries of what is possible for the worldwide audience – make the music subscriptions more attractive when supporting artists and lyrics in the same way.”

The agreement introduced direct licensing models with Warner Chapel Music, which has more than 1 million copyright catalogs in the United States and several other countries.

“This big deal provides new benefits to artists, songwriters and fans when the music unlocks further cooperation that extends the ecosystem,” said WMG chief executive Robert Kinkle. “This is a big step in our view for greater alignment between rights and streaming services. Together with Spotify, we are hoping to increase the quality of music as well as growing, impact and innovation. “

The financial terms of the new agreement have not been published.

Reported on Tuesday, Spotify’s Earning fourth-quarters And has identified the first full year of its profitability since its inception 17 years ago.

Its operating income record for the quarter has been € 477 million ($ 509.48 million) hits, contributing € 1.4 billion ($ 1.495 billion) of total operating income for the fiscal year 2024. Spotify has added 35 million monthly active users (MAS), which is the largest Q4 net addition to company history, with a total of 675 million in total.