Kendrick Lamar<\/a> – will benefit.<\/p>\n\nTaylor highlighted the clause when she first signed her record deal.<\/p>\n
\nShe wrote on Instagram at the time: “As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artists, non-recoupable.<\/p>\n
\n“They have generously agreed to this, at what they believe will be much better terms than paid out previously than other major labels.<\/p>\n
\n“I see this as a sign that we are headed towards positive change for creators \u2014 a goal I\u2019m never going to stop trying to help achieve, in whatever ways I can.”<\/p>\n
\nUMG revealed their plans to sell half its equity stake in Spotify in its reporting of financial results for the first quarter of 2026. <\/p>\n
\nSir Lucian Grainge, UMG’s Chairman and CEO, said: “We delivered a solid quarter of growth in our core businesses, complemented by our strategic development and investment in fast-growing areas of the industry.<\/p>\n
\n“We continue to build the most successful music company in history by attracting the world’s top talent, engaging fans globally, and delivering long-term value for stakeholders.<\/p>\n
\n“Central to that mission is fostering an environment that protects artists and songwriters, champions human creativity, and embraces innovation at a pivotal moment for our industry.”<\/p>\n
\nMatt Ellis, CFO of UMG, added in a statement: “Against the backdrop of a healthy industry, we are consistently driving sustained revenue growth through our multi-faceted strategy, while continuing to expand EBITDA and reinvest for the future.<\/p>\n
\n“In addition, the important steps we are announcing today to increase our share buyback authorization and monetize a portion of our equity stake in Spotify will lead to enhanced shareholder value while maintaining the flexibility the Company requires to drive further success.”<\/p>\n
\nThis isn’t the first time that the Opalite singer has used her clout to negotiate for other artists.<\/p>\n
\nIn 2014, she removed all her music from streaming services in protest about how artists were not being paid per stream.<\/p>\n
\nThe following year, she shared an open letter to Apple Music to criticise their three-month trial period for users, which would prevent musicians getting streaming payouts.<\/p>\n
\nShe wrote at the time: \u201cThis is not about me. Thankfully, I am on my fifth album and I can support myself, my band, crew and entire management team by playing live shows. This is about the new artists who just released their first singles and will not be paid for its success.\u201d<\/p>\n
\nLess than 24 hours later, Apple reversed their stance.<\/p>\n
<\/p>\n
\n<\/p>\n
<\/p>\n
\n<\/p>\n
\n <\/p>\n<\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"30 April 2026 A deal made by Taylor Swift in 2018 will see Universal Music Group’s artists profit from the record label’s sale of their Spotify stake. Taylor Swift’s deal benefitted all UMG artists The 36-year-old singer signed a deal with the label in 2018 shortly after the release of her album Reputation, at a […]<\/p>\n","protected":false},"author":1,"featured_media":237605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[211,1169,15103,1122,379,53],"class_list":{"0":"post-237604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-make-up","8":"tag-ariana-grande","9":"tag-kendrick-lamar","10":"tag-lucien-grange","11":"tag-sabrina-carpenter","12":"tag-sza","13":"tag-taylor-swift"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/237604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=237604"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/237604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/237605"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=237604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=237604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=237604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}