After Warner Music Group (WMG) sued it over licensing rights in India, Spotify today said the WMG has revoked a previously agreed publishing licence for reasons wholly unrelated to the company’s upcoming launch in India. Warner Music Group has now cashed in its entire Spotify holding (a 1.9% stake), with an estimated $126 million (£98m) set to be passed on to artists from a total of $504m (£391.9m). Some are speculating that Spotify’s high-profile podcast investments will ultimately result in a lessened reliance on music and rightsholders. However, Warner Music Group (WMG) CEO Stephen. Spotify confirms that all its users in India, the Premium subscribers and those on the ad-supported free-tier will now have access to all of Warner Music Group’s catalogue. The content will be rolling out now, and you should see the new music on your Spotify app over the next few days. Spotify also declined to comment on the details but said in a statement that its “partnership with Warner Music Group will help grow the new music economy where millions of artists can instantly.

1. Spotify Group Playlists
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“Spotify and Warner Music Group are pleased to announce a renewed global licensing partnership,” the brief joint announcement reads. “This expanded deal covers countries where Spotify is. But there is a catch. In India, you will still not be able to access music that the Warner Music Group has the rights to. The latest chapter of the saga now has the Warner Music Group taking legal recourse in India to stop Spotify from being able to offer the music works it.

Spotify Group Playlists

Last summer, Spotify rather shrewdly told investors that it had signed new global licensing agreements with “two of our four major label partners”.

This was, in truth, stretching things a bit: MBW subsequently discovered that one of these ‘major labels’ wasn’t a major label at all – it was indie sector agency Merlin – while the other, Sony Music, didn’t actually have a deal up for immediate renewal.

/spotify-iphone-app-data-usage.html. The two remaining major record companies, those without a Spotify deal, were Warner Music Group and Universal Music Group.

Both of these companies’ prior global deals with Spotify ran out in 2019 – and we haven’t heard from either of them since about any fresh multi-year licensing agreement with Daniel Ek’s company.

That is, until today (April 1): Warner Music Group and Spotify have just confirmed in a short and basic statement, that they have indeed inked a new global contract.

It reads: “Spotify and Warner Music Group are pleased to announce a renewed global licensing partnership. This expanded deal covers countries where Spotify is available today, as well as additional markets.

“The two companies look forward to collaborating on impactful global initiatives for Warner artists and songwriters, and working together to grow the music industry over the long term.”

“Spotify and Warner Music Group are pleased to announce a renewed global licensing partnership. This expanded deal covers countries where Spotify is available today, as well as additional markets.”

Spotify and Warner joint statement

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Spotify is expected to launch in South Korea in the coming months.

One of the sticking points of negotiations between Spotify and, separately, Universal and Warner, has reportedly been about podcasts.

According to a Financial Times article published in February, the major record labels expect a guaranteed minimum percentage of Spotify subscription revenues, regardless of how much music these subscribers actually consume.

Spotify, however, apparently questions that view – positing the notion that if a subscriber listens to nothing but podcasts on its service, the record labels shouldn’t get their money.

It seems as though Warner and Spotify might have met somewhere in the middle on this issue.

The awkward fact lurking in the background of their discussions: according to NPR/Edison Research, music listening as a percentage of audio media activity in the United States is falling, as spoken word programming (including podcasts) gains in market share.

Today’s news comes little over two months after Warner’s publishing company, Warner Chappell Music, and Spotify ended a legal dispute in India – a fallout which also resulted in a new global licensing agreement for Chappell’s publishing rights.

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In the past, Warner Music Group CEO, Steve Cooper (pictured) has called into question attempts by streaming services such as Spotify to push down entry prices for subscribers via family plans and discount offers.

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On a Warner earnings call in May last year, Cooper stated that Warner would continue to “push back against the devaluation of our artists’ and songwriters’ music from freemium models, mismanaged family plans and other customer acquisition strategies employed by streaming platforms at the expense of creators”.Music Business Worldwide