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Spotify, Universal Sign Global Licence Agreement

Spotify, the world’s largest music streaming company, and Universal Music Group said Tuesday they have signed a new multi-year global licence agreement. Under the deal, the terms of which were not disclosed, Spotify’s paying subscribers can have access to a new album by a Universal artist for a period of two weeks after its release, the two companies said in a joint statement. But “singles are available on Spotify for all listeners,” its chairman and CEO Daniel Ek said in the statement. Since it was founded in 2008, the online…

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Facebook Inks Agreement With 17 Universities to Streamline Research

Facebook Inc’s hardware development division on Wednesday announced a new partnership with Harvard, Princeton and 15 other universities intended to allow swifter collaboration on technology research projects. The agreement between Facebook’s Building 8 and the universities comes as the social media company seeks to find new revenue streams in virtual reality and artificial intelligence, after the company signalled last month it had begun to hit some advertising growth limits on its network of 1.8 billion monthly active users. Research partnerships between universities and companies typically take nine to 12 months…

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