Warner Music Group and Spotify have announced a new, multi-year agreement, covering both recorded music and music publishing, that effectively ends the companies' disputes over the streaming giant's "bundling" option,

Spotify and Warner Music Group have signed a new, multi-year agreement, which covers both recorded music and publishing. “Through the deals, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration,” said a statement.

"This major agreement delivers new benefits for artists, songwriters, and fans, while unlocking further collaboration that expands the music ecosystem."

Warner Music Group and Spotify have signed a new multi-year licensing deal. And before you ask… yes, sources have confirmed that it supersedes the ‘bundling’ payment structure that last year saw Spotify dramatically cut the rate of mechanical royalties being paid to publishers and songwriters in the US.

Spotify and Warner Music Group (NASDAQ: WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists,