Spotify Reaches Deal With Sony Music: Sources

Universal Music Group’s deal gives Spotify a break on the percentage of revenue that it must pays UMG in royalties as its subscriber base grows, going down to about 52 percent of revenue from 55 percent, sources have told Billboard. UMG’s deal also gives its artists the ability to limit their albums to Spotify’s paid tier for two weeks after release — though no big acts have yet taken advantage of that freedom to date. – Hannah Karp, Billboard