Spotify Strikes New Deal for Warner Music Catalog

Spotify Technology SA and Warner Music Group have reached a new global licensing agreement, the companies said, ending a contentious yearslong negotiation between the streaming giant and the third-largest music label.

Spotify now holds new long-term licensing agreements with two of the three major recorded-music companies. It has had deals in place for some time with Sony Corp.’s Sony Music Entertainment and a consortium of independent labels. Negotiations with Vivendi SA’s Universal Music Group, the largest of the music…

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Credit: WSJ.com