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Spotify Renews Universal Music Licensing Pact

Spotify and Universal Music Group just entered into a new licensing agreement, The Verge reports. “As part of the deal, Spotify has agreed to allow new albums from Universal artists to be restricted to its premium service for up to two weeks moving forward,” it writes. “Spotify will also pay slightly less to UMG per stream, according to sources close to the situation.”

Read the whole story at The Verge »

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