Spotify Agrees Limited Free Play

Spotify Agrees Limited Free Play

Spotify Agrees Limited Free Play

Music-streaming service Spotify AB is readying an initial public offering that is expected by year-end.

Thankfully, no one ever pressed the button: UMG's music remained on Spotify, even without a long-term deal.

"This feels like a very reasonable deal in that Spotify gave the labels the ability to window" - to restrict albums to the service's paid tier for a limited time - "and in exchange got the discount they needed", says Jonathan Daniel, a partner at Crush Music, which manages Sia and Lorde, among others.

"Universal artists can choose to release new albums on premium only for two weeks, offering subscribers an earlier chance to explore the complete creative work, while the singles are available across Spotify for all our listeners to enjoy", he said. But he