A number of reports emerged last month suggesting that music streaming behemoth Spotify was in talks with UMG for signing a new licensing agreement that would lower the royalty fees that the company is currently paying and also restrict the availability of some of its content to paying subscribers only for up to two weeks.
In an official statement yesterday, Spotify CEO Daniel Ek revealed that the Sweden-based company has indeed signed a new licensing deal with UMG that foresees some music releases to be available on Spotify's premium tier for two weeks after release.
“Starting ...
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