Spotify and Universal Music Group have struck a new multi-year agreement focused on driving subscriber growth and advancing music monetization.

Spotify and the Universal Music Group have struck a new deal that will expand platform monetization and change how songwriters get paid for streams.

The deal establishes a direct license between Spotify and Universal Music across the streaming subscription service’s current product portfolio in the U.S. and beyond, the companies said.

Spotify and Universal announced a new deal that sources say improves the payment structure for the streamer's controversial music-audiobooks 'bundle.'

The new publishing agreement establishes a direct license between Spotify and Universal Music Publishing Group.

Universal Music Group NV and Spotify Technology SA reached a new multiyear distribution agreement that includes compensation for recorded songs and publishing rights. The world’s largest record label and the leader in music streaming said the new deal reflects changes in Spotify’s business model,

Spotify and Universal Music Group have announced a new, multi-year direct licensing pact that will cover the United States and several other companies, according to a Sunday release. "When we first presented our vision for the next stage in the evolution of music subscription several months ago -- Steaming 2.

Audio streaming giant Spotify (SPOT) has struck a new multi-year agreement with Universal Music Group (UMG), the world’s largest record label. The agreement also includes music publishing, said Spotify in a news release announcing the arrangement

Spotify Technology S.A. (SPOT) and Dutch-American music company Universal Music Group N.V. ($UMGNF) announced new multi-year agreements on Sunday, perking up retail investors' sentiment. The companies said the agreements are for recorded music,