Entertainment

Spotify renews global license agreement with Warner Music – Variety

At 8:00 a.m. EST, Spotify and Warner Music announced that they had renewed their global license agreement. The two companies have reportedly been without a contract for around nine months, although this is not uncommon for streaming services and music companies.

“Spotify and Warner Music Group are pleased to announce a renewed global license partnership,” said the brief joint announcement. “This expanded agreement covers countries where Spotify is available today, as well as additional markets. The two companies look forward to collaborating on compelling global initiatives for Warner artists and songwriters and working together to develop the music industry for the long term. “

Representatives of the two companies declined to comment further.

Considering the fact that companies announced a vaguely defined “multi-territorial” agreement only two months ago, it is safe to assume that this agreement covers territories that were not covered by this agreement, as well as future territories.

In addition, much of the deal involved the two companies eventually coming to an agreement on India, where their dispute over music publishing came to light in an unusually public and controversial manner. Warner, citing the low rates the streaming giant should have paid in the country, drew a line in the sand, and an impasse ensued which saw representatives of the two companies launching unusual anger conditions. Spotify’s prices in the country are well below what the company charges consumers elsewhere. At launch, its premium service was free for 30 days and would then be 119 rupees (about $ 1.67) per month.

Spotify ended up launching in this country in early 2019 without concluding an agreement with Warner, which has a small but significant presence in the territory’s music market. Spotify’s CFO at the time, Barry McCarthy, said in April 2019: “We are fighting with Warner. I cannot comment on the legal aspects of this … It is not really India; it is a question of leverage and renegotiation of the global agreement. “

The two companies last announced a global agreement in August 2017, and these agreements typically have a term of two or three years. Based on this, it appears that Spotify and Warner could have been out of contract for about nine months. However, labeling and publishing agreements with streaming services often lapse without a new agreement and continue under the old conditions and payments are updated retroactively when a new agreement is concluded.

Of the four major music groups – Sony, Universal, Warner and the independent collective Merlin – today’s announcement leaves Universal as the only one to be under contract with Spotify, sources said.

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