Warner Music Group (WMG) and China's music streaming platform NetEase Cloud Music have renewed aqnd expanded their strategic multi-year licensing agreement. Terms of the deal were not disclosed. The new deal will provide "multiplying opportunities in China for WMG's artists and songwriters and offering NetEase Cloud Music's highly engaged user base new and enhanced ways of engaging with their music," according to the two companies. In particular, the agreement expands the partnership from distr...

Universal Music Group (UMG) and short format social media platform TikTok have renewed their new multi-year licensing agreement, which includes access to access to UMG's recorded music and publishing catalogues. The two parties said in a statement that the new agreement will be "further strengthening the existing relationship between the two companies, and providing additional benefits for artists, songwriters, creators, and fans." TikTok and UMG said the deal will foster "deeper engagement betw...

Spotify has negotiated new recorded music and music publishing licensing agreements with and Universal Music Group (UMG), which will enable the streaming service to launch a new AI-powered tool allowing users to create covers and remixes of their songs from participating artists and songwriters. The companies said in a statement that the new tool will "open up additional revenue streams and new ways to drive discovery." Royalties generated by the new scheme will add up to what artists and songwr...