Universal Music Group stock rose on its Spotify deal and the Amazon Music price hike announced this week. Shares gained 11.2% to 26.94 euros ($27.91).

Spotify and Universal Music Group (UMG) have announced a multi-year licensing agreement that covers both recorded music and

UMG called Drake’s petition “an apparent effort to pressure” UMG and others “to limit the distribution” of Kendrick Lamar’s ‘Not Like Us’.

LiAngelo Ball announced on social media Wednesday that the music video for his song, "Tweaker," would be released at noon ET on Thursday. The

We added to our position in Universal Music Group after the shares swooned by as much as 23% at one point recently. Click here for our UMGNF thesis.

The deal establishes a direct license between Spotify and Universal Music across the streaming subscription service’s current product portfolio in the U.S. and beyond, the companies said.

Universal Music Group has taken action against Drake by requesting that the lawsuit he filed be dismissed based on protected free speech.

Spotify and Universal Music Group have announced a new, multi-year direct licensing pact that will cover the United States and several other companies, according to a Sunday release. "When we first presented our vision for the next stage in the evolution of music subscription several months ago -- Steaming 2.

Universal Music Group claims that Drake has a "lack of evidence" to support his claim that the company botch "Not Like Us" streams.

The new publishing agreement establishes a direct license between Spotify and Universal Music Publishing Group.

Universal Music Group (UMG), the world's biggest music label, and Swedish streaming giant Spotify have reached a new multi-year agreement for recorded music and music publishing, they said on Sunday.

Spotify and Universal Music Group have struck a new multi-year agreement focused on driving subscriber growth and advancing music monetization.