Spotify is out of contract with all three major labels – and wants to pay them less

Spotify is out of contract with all three major music companies, MBW has learned, with a dispute over revenue splits bringing disharmony to negotiations.

The Swedish streaming company has been out of a long-term deal with Universal Music Group for more than a year, say our sources.

Its contract with Warner Music Group expired in early 2016, while its licensing agreement with Sony Music Entertainment ran out of juice a few months ago.

In practical terms, this isn’t a huge problem.

Spotify continues to be licensed by all three majors on a rolling month-by-month basis, and the possibility of UMG, Sony or Warner catalogues being pulled is widely regarded as out of the question.

Source: www.musicbusinessworldwide.com

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