Spotify Inks Major Deal with BMG, Strengthening Music Publishing Roster
Spotify has inked a significant deal with BMG, adding another major music publisher to its roster. This move comes as Spotify's founder Daniel Ek prepares to step down as CEO in 2026, with co-CEOs Gustav Söderström and Alex Norström set to take the helm.
Spotify's agreement with BMG follows similar deals with Universal Music Publishing Group, Sony Music Publishing, Warner Chappell, and Kobalt. This means Spotify now holds direct publishing agreements with the industry's five biggest players. The terms of the deal were not disclosed, but it ensures songwriters will share more directly in the value their work generates on the platform.
BMG's CEO, Thomas Coesfeld, praised Spotify's recent AI music policies, which align with BMG's stance on fair remuneration and artist protection. This partnership signals a shift for Spotify, moving away from its controversial audiobook bundling strategy and refocusing on its core bing business.
In 2026, Spotify will undergo a leadership change. Founder Daniel Ek will transition to the role of executive chairman, with co-CEOs Söderström and Norström taking over. Both have been with Spotify for over 15 years and previously served as co-presidents.
Spotify's deal with BMG strengthens its position in the music industry, ensuring songwriters are more directly compensated for their work. As Spotify's leadership prepares for a change in 2026, this agreement reflects a renewed commitment to its core mission and the artists it serves.
Read also:
- Revised Bonus Écologique Boosts French EV Market Share to 63.97%
- Ford Discontinues Popular Top-Seller in Staggering Shift, Labeled as a "Model T Event"
- 2025 Witnesses a 27% Surge in Worldwide Electric Vehicle Sales, Despite Opposition to Electrification Policies in the U.S.
- Summarized Report: Insights from the Realm of Transportation
