Spotify and Warner Music Group (WMG) have unveiled a new multi-year agreement that covers both recorded music and music publishing.

Spotify and Warner Music Group struck a new multi-year licensing deal covering music and music publishing similar to a recent agreement with Universal Music.

Warner Music Group and Spotify have signed a new multi-year licensing deal. And before you ask… yes, sources have confirmed that it supersedes the ‘bundling’ payment structure that last year saw Spotify dramatically cut the rate of mechanical royalties being paid to publishers and songwriters in the US.