Spotify to Add New Features for Universal Music Artists
By Mauro Orru
Spotify Technology will introduce new features that will help Universal Music Group artists promote new releases and better engage with their fans as part of an expanded partnership between the streaming giant and the record label behind the Weeknd, Billie Eilish and Taylor Swift.
The two companies said in a joint statement on Thursday that Universal Music artists will be able to share teasers of upcoming music on Spotify to build up excitement within their fan base in the run-up to a release. Spotify will also distribute music videos in the U.S. under a new agreement.
Spotify and Universal didn't specify when the new features would be available, saying they would share more details in the near future as they continue to explore additional features allowing fans to discover artists.
"The forthcoming features will put more power in the hands of artists and their teams to help them authentically express themselves, efficiently promote their work, and better monetize their art," said Spotify Chief Executive Daniel Ek.
The announcement comes nearly two months after Universal Music pulled its songs from TikTok as the record label and the popular video-sharing app failed to reach a licensing agreement.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
March 28, 2024 10:17 ET (14:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software