Following the deal with Tidal, the world’s leading music-based entertainment company, Universal Music Group, partners up with one of the largest global music streaming platforms, Deezer, for another artist-centric strategy. The two are taking an initiative to “investigate potential economic models for music streaming that more fully recognize the value artists create.”
In an announcement, UMG and Deezer confirmed that they “aim to develop new methods that holistically reward recording artists and songwriters for the value they create and to reimagine and update the engagement model for Deezer’s users and the artists they love.” Both companies are recognized for their efforts to explore alternative ways to compensate artists fairly.
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