Spotify expects to pay Universal $1 billion over next two years
Spotify expects to pay Universal Music Group $1 billion over the next two years to cover royalties, ad revenue and subscription fees.
The figure - equivalent to the revenue generated by all companies in the streaming sector in 2013 - is noted in an internal email obtained by the New York Post, containing Spotify's projections of its growth rate and Universal's market share.
Spotify’s payments to Universal, home of artists such as Taylor Swift and Madonna, are projected to ...
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