Warner Music Group has sold its entire stake in Spotify for $ 126 m and will share $ 126 m with its partners in the form of royalty payments . Warner Music CEO Steve Cooper said Amazon and Apple 's new premium services were good news for its business , as was Facebook 's recognition of the value that music brought to its platform . Warner Music Group CEO Steve Cooper told analysts the music label will share around $126 million in proceeds with its artists as part of the label's latest royalty payments. Spotify is now larger than Warner Music , with 180 million ad - supported active monthly users . The move leaves Universal Music Group as the last major music label with a notable holding in Spotify after Sony sold most of its stake for $ 768 m .
Warner Music Group has sold its entire stake in Spotify for $ 126 m and will share $ 126 m with its partners in the form of royalty payments . Warner Music CEO Steve Cooper said Amazon and Apple 's new premium services were good news for its business , as was Facebook 's recognition of the value that music brought to its platform . Spotify is now larger than Warner Music , with 180 million ad - supported active monthly users . The move leaves Universal Music Group as the last major music label with a notable holding in Spotify after Sony sold most of its stake for $ 768 m .