UMG Chairman Lucian Grainge Says Spotify’s Price Hikes Aren’t Enough

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On July 27, 2023
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UMG Chairman Lucian Grainge Says Spotify’s Price Hikes Aren’t Enough

Spotify broke the $9.99 price barrier this week, paving the way for higher music streaming prices — and downstream royalty bumps for IP owners. But while UMG chairman Lucian Grainge praised the move among DSPs, he was careful to say it doesn’t go far enough.

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