Radio Facts
Home » BLOG » Will Spotify Buy Part of Universal Music Group?
Industry News

Will Spotify Buy Part of Universal Music Group?

CEO Won’t Comment on Universal Deal Negotiations


There was an interesting no comment during Spotify’s earnings results conference call this week.

Spotify CEO Daniel Ek did not specifically answer a reporter’s question about whether Spotify is considering buying a major stake in .

However, Ek did say this.

“I can’t make any comment on any deal negotiations at this point,” said Ek.

Universal Music Group is expected to put part of its company up for sale in the next several months.

Meanwhile Ek and CFO  spoke about growth areas for Spotify. They are specifically targeting podcasting.

“We’re in the early days of podcast ,” Ek began. “Non-music content has an important place” in the company’s future plans,” Ek concluded on the matter.

Related posts

J Cruz Moves From Power 106 To Crosstown Competitor REAL 92.3

Jimmy August

Warner Music Group Finds New President of Independent Music & Creator Services

Jeff Ewing

The U.S. Copyright Royalty Board (CRB) Publishes Streaming Royalty Increase

Jeff Ewing

Spotify Goes On A Podcast Acquisition Spree

Jeff Ewing

Grambling State University Gets Final Approval to Offer First Bachelor Degree in Cybersecurity

Michael Mitchell

Jesse Krimes and Russell Craig Launch Second Round of Arts Fellowship to Support to Formerly Incarcerated Artists

Michael Mitchell

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.