Spotify has announced that it has reached an agreement with Kakao Entertainment (previously KakaoM), making their content available on the platform across the globe, including for the first time in South Korea.The two companies had been in a bitter dispute that saw Kakao — which last month launched a streaming service in Korea — removing the rights to hundreds of songs by its artists from Spotify after the licensing deal between the two companies expired and they failed to agree on new terms.
A source tells Variety that the uproar on social media from fans of the label’s artists, which include IU and APink — as well as some artists themselves — led Kakao to return to the negotiating table, with terms not dramatically different from those.
Read more on variety.com
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