It’s official: as MBW reported earlier, Spotify and Universal Music Group have inked a new multi-year licensing agreement.
The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.
As Variety notes, neither Drake nor Kendrick Lamar is signed directly to Universal Music Group. Instead, Drake is signed to his own OVO, and Lamar is signed to pgLang. Drake licenses his music to ...