“While terms of the deal were not announced, Swift stated in a Tumblr post that she will own her master recordings going forward, and that UMG will share with artists the proceeds from the expected sale of its Spotify equity, and make them non-recoupable against the artists’ earnings, as Sony Music has done.“

Taylor Swift Signs Landmark New Deal With Universal Music Group

UPDATED: Taylor Swift has signed a new global recording agreement with Universal Music Group, the company announced today. Under the multi-year agreement, UMG will serve as the exclusive worldwide …