Sony/ATV and Spotify renew licensing agreement for Europe

PRESS RELEASE:

Sony/ATV Music Publishing and Spotify have today announced the signing of a new licensing deal for Europe.

This agreement continues the long relationship in Europe between the world’s leading music publishing company and the world’s biggest music streaming service. The deal enables Spotify to continue to offer its users Sony/ATV’s Anglo-American repertoire in all 30 territories making up the European Economic Area (EEA).

Martin Bandier, Sony/ATV Chairman and CEO, said: “We are thrilled to have renewed our European agreement with Spotify, the world’s largest music subscription service.  As streaming services continue to grow, Sony/ATV is delighted to be continuing our relationship with Spotify at this pivotal moment for the music industry. We share two important goals - growing the market for paid for music subscription services for the benefit of music lovers everywhere while delivering fair compensation to our songwriters for the use of their songs. We believe we have accomplished that with this agreement.”

Ken Parks, Spotify's Chief Content Officer, said: "We are very pleased to announce our continued partnership with Sony/ATV, home of some of the greatest songwriters in the world. We look forward to continuing our work together to deliver great music to fans around the world and fair compensation to songwriters for their terrific work."