… Spotify and Warner Music Group (WMG) have announced a new multi-year agreement that covers both recorded music and music publishing. WMG owns labels associated with popular artists such as Dua Lipa, Coldplay, and Ed Sheeran.

According to a press release, the new deal aims to provide new fan experiences, a deeper music and video catalog, additional paid subscription tiers, and unique content bundles.

Spotify CEO Daniel Ek mentioned that the company will introduce a new “superfan” premium tier with extra features for subscribers. This announcement comes after Spotify hinted at a hi-fi tier for a while.

This agreement between Spotify and WMG follows a recent one between the music streaming service and Universal Music Group (UMG).

These new deals present an opportunity for Spotify to launch new offerings to attract more subscribers and increase revenue. Ek stated, “For Spotify, 2025 is a year of accelerated execution, and our partners at Warner Music Group share our commitment to rapid innovation and sustained investment in our leading music offerings.”

The deal also establishes a direct licensing model with Warner Chappell Music, which holds a catalog of over 1 million copyrights in the U.S. and other countries.

WMG CEO Robert Kyncl mentioned, “This major agreement delivers new benefits for artists, songwriters, and fans while unlocking further collaboration that expands the music ecosystem.” The financial terms of the deal were not disclosed.

In its fourth-quarter earnings report, Spotify announced its first full year of profitability since its inception 17 years ago. The company’s operating income for the quarter reached a record €477 million ($509.48 million), contributing to a total operating income of €1.4 billion ($1.495 billion) for the 2024 fiscal year. Spotify added 35 million monthly active users (MAUs) in Q4, the largest net addition in the company’s history, bringing its total to 675 million.