Spotify and Kobalt have entered into a direct, multi-year licensing agreement.
The renewal agreement between the streaming service and the independent music publishing giant is designed to “deliver greater flexibility, effciency, value and protections to songwriters in the US”, according to a statement.
“This deal reflects the collaborative efforts between Kobalt and Spotify in building a licensing framework to enable new formats, innovations and potential to connect creators and fans alike,” added the announcement.
The licensing agreement also reflects a broader shift toward licensing structures that allow songwriters to participate more directly in the value their work creates on streaming platforms.
This partnership is a step in the right direction, and we look forward to continuing to work with Spotify to increase the value of songwriter royalties
Laurent Hubert
“We’ve always believed that better partnerships lead to better outcomes,” said Alex Norström, co-president & chief business offcer, Spotify. “This agreement with Kobalt boosts our support of songwriters through a licensing model that unlocks new growth and will expand the way music is made and shared today.”
Laurent Hubert, CEO of Kobalt, said: “As the largest independent music publisher dedicated to fighting for the rights of songwriters, this deal reaaffirms our unwavering commitment to ensuring our songwriters are paid fairly for their work, and underscores the importance of progressive licensing models that reflect the real-world use of music across digital platforms.
“This partnership is a step in the right direction, and we look forward to continuing to work with Spotify to increase the value of songwriter royalties."
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