Spotify Announces AI Music Licensing Deal with UMG, Targeting $100bn Revenue, Shares Soar 15%
Spotify shares surged 15% on Thursday after the company outlined an aggressive long-term growth strategy through 2030 and announced a major artificial intelligence licensing agreement with Universal Music Group, signaling a deeper structural shift in how music rights, monetization, and AI-generated content will intersect. The rally followed Spotify’s first investor day since 2022, where executives […]
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