Spotify Technology (SPOT) and Universal Music Group said Sunday that they signed new, multi-year agreements to collaborate on recorded music and music publishing.
The companies said their collaboration aims to advance streaming innovation and feature new offers, subscription tiers, music bundles, and non-music content.
The agreements also cover a direct license between the companies across Spotify's current portfolio in the US and certain other countries, according to the statement.
No financial details were disclosed.
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