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0.000955398799382212 1.59233133371419E-07 -0.00213372398528691 0.000557315966306305 0.000414006146398928 0.000590914157417986 0.00316873935128423 0.00496807375678732
Stock impact report

Spotify, National Music Publishers' Assn. Partner To Boost Revenue For Music Creators [Forbes]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: Forbes
The two entities are partnering on the launch of an opt-in portal for NMPA's more than 2,800 members to enter into a direct license agreement for “expanded audiovisual rights” in the U.S. These new agreements will translate to higher royalty payouts for independent music publishers and songwriters, according to language on the Spotify website. In exchange, Spotify will receive new rights to build video features that better connect artists and fans. “This new partnership with the NMPA will increase revenue for songwriters and independent publishers who are the heart of the industry.” said Alex Norström, co-president and chief business officer at Spotify. “We look forward to continuing to work with the NMPA to create new value and opportunities for their members.” “We are pleased that this deal offers indie publishers the chance to enter into direct deals with Spotify in regard to audiovisual streaming functionality on the platform alongside the recently announced larger publishing Show less Read more
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