There is no denying that streaming music is wildly popular these days, with it being the go-to option for most music listeners these days. So it’s no surprise that Apple Music has secured yet another multiyear deal with the biggest record labels.
While Apple Music might not have as many paying subscribers on a monthly basis as Spotify, the music streaming service from Apple still has millions upon millions of customers. To make sure musicians, songwriters, and producers don’t miss out on those streams, Apple has secured multiyear deals with the largest record labels, including Warner Music Group, Sony Music, and Universal Music.
That’s according to a new report on Thursday from the Financial Times.
With these new deals in place, which, according to the report, were signed over the course of the last few months, it means that music from mega-popular artists will still be available on Apple Music for the foreseeable future. Apple will have to sign additional deals in the future, but, at least for now, these artists and their music will be available on the streaming service.
However, there is a catch. If you’ll recall, there were rumors swirling around last year that suggested Apple was working on building a bundle that includes Apple Music, Apple TV+, and Apple News+ into a single monthly subscription fee. Based on this latest report, the deals Apple signed this time around do not include any terms to offer this type of bundle.
So, at least for now, we should not expect to see the bundle with these services debut anytime soon.
It’s worth noting that Spotify is still in talks with the major record labels, including Warner Music Group and Universal Music. Both of the labels have been extending existing agreements over the last year while the organizations talk it over.