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

Spotify and Universal Music Group have struck a new multi-year agreement for recorded music and music publishing “focused on growth, innovation and the advancement of artists' and songwriters' success.

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.