![]() Mechanical royalties are paid to the owner of the composition copyright. These are mechanical royalties and performance rights. There are two components to composition licenses that Spotify needs to secure and pay out to stream music on its platform. However, it gets a bit more complicated regarding composition licenses. There are also smaller groups to cover digital recordings from independent labels. When getting these licenses, Spotify deals with the following three juggernauts of the recording industry: (1) Universal Music Group, (2) Sony Music Entertainment Group, and (3) Warner Music Group. Sound recording license agreements cover the rights to the recording of the song itself. But how exactly does Spotify have permission to do all of this? Spotify gains access to catalogs of millions of songs using two types of licenses, (1) sound recording license agreements and (2) musical composition license agreements. To this day, Spotify has amassed upwards of 188 million subscribers across 183 markets, making it the most popular music streaming platform in the world. Since launching in 2008, Spotify has become a game-changer for music fans around the globe.
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