Universal Music Group and Spotify have reached a multiyear distribution agreement that is said to improve payment to artists and authors. The new terms address concerns over a controversial Spotify music-audiobooks royalty bundling policy alleged to have reduced songwriter royalties in order to pay audiobook rightsholders. The policy resulted in a Federal Trade Commission complaint filed by the National Music Publishers Association in June. “Artists, songwriters and consumers will benefit from new and evolving offers, new paid subscription tiers, bundling of music and non-music content, and a richer audio and visual content catalog,” the companies jointly announced. Continue reading Spotify Tackles Controversial Royalty Bundling with UMG Deal