Spotify and Warner Music Group struck a new multi-year licensing deal covering music and music publishing similar to a recent agreement with Universal Music.

The new multi-year agreement comes as Warner Music Group announced it had purchased a controlling stake in Tempo Music. The catalog company owns rights to songs by Wiz Khalifa, Florida Georgia Line, and Shane McAnally, with Billboard reporting the WMG acquisition deal to be worth “several hundred million dollars.”

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