Spotify has announced a new multi-year global partnership with Sony Music, the third and final major to sign a new deal with Spotify this year. The deal encompasses both the recorded music and publishing sides of Sony’s business, and according to Spotify, its “new direct licensing arrangement in the U.S.” will result in higher royalties for songwriters.

It’s a notable part of the deal, given Spotify came under fire from music publishers last spring when it started paying a reduced royalty rate to songwriters and publishers in the U.S., resulting in what the National Music Publishers’ Association (NMPA) says was a loss of $230 million in royalties in the first year.

Related

Billboard Launching ‘On the Record’ Music Business Podcast With SickBird Productions

This is because Spotify found

See Full Page