Spotify closes UMG deal; will allow album exclusives on Premium

After two years of negotiations, Spotify has broken through with a major label deal. The two companies had been operating on a month-to-month basis while working out a longer-term arrangement. They have been in on-again-off-again negotiations, but now they reportedly just need the sign-off from both CEOs to become official. Continue Reading

Rumor Fact(ory): Spotify nearing major label deals with some surprising propositions

Financial Times is the source of the latest Spotify speculation, reporting that the streaming service is close to final licensing deals with the major labels. The core of those arrangements, is that Spotify would pay a lower royalty fee to the labels, but in exchange would temporarily gate major album releases for paying customers. Continue Reading