Spotify and Kobalt, the world’s largest independent music publisher, today announced a licensing agreement for Spotify’s upcoming tool that will allow fans to create covers and remixes of their favorite songs from participating songwriters.
As previously announced, this new tool will introduce a creation model where songwriters and artists can directly share in the value generated through licensed covers and remixes on Spotify. It will be made available as a paid add-on for Spotify Premium users and create an additional source of income for participating songwriters.
Charlie Hellman, SVP and Global Head of Music at Spotify, said: “Covers and remixes begin with the song, which makes music publishers and songwriters essential partners in building this tool the right way. This agreement with Kobalt is grounded in consent, credit, and compensation for the songwriters who take part, and every creation drives listeners back to the original song. We look forward to welcoming more partners as we continue to build.”
Laurent Hubert, CEO, Kobalt, said: “Fans have always sought deeper engagement with the songs they love, whether through listening or creating their own covers and remixes. Spotify’s new AI-powered creative tools are built on a foundation of ethical training, fair compensation, and intentional guardrails. This agreement is designed to ensure our songwriters can connect with their audience in unprecedented ways, while directly benefiting from the creative opportunities these new features provide.”
Recent Comments