With Eye Towards Profitably, Spotify Negotiates Lower Music Royalties

AppAdvice
Jul 12, 2017, 9:26 am310 pts
Spotify has signed a new licensing deal with Sony Music Entertainment that reduces its royalty payments. In doing so, the No. 1 music streaming company in the world could get closer to profitably and a U.S. stock market listing, according to Reuters. With the new agreement, Spotify will now restrict new albums…

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