Feb 6 (Reuters) - Spotify ( SPOT ) and Warner Music

Group ( WMG ), which owns labels behind artists such as Ed

Sheeran and Dua Lipa, signed a new multi-year deal for recording

and publishing music, the companies said on Thursday.

Under the deal, Spotify ( SPOT ) will have a direct license from

WMG's music publishing arm Warner Chappell Music, which has a

catalog of over 1 million copyrights in the U.S. and several

other countries.

The financial terms of the deal were not disclosed. Spotify ( SPOT )

and WMG declined to comment when contacted by Reuters.

The agreement between WMG and Spotity will expand paid

subscription tiers, and introduce new content bundles, the

companies said.

The Swedish streaming giant's deal with WMG follows a

similar announcement with the world's biggest music label,

Universal Music Group, which established a direct

license between the two companies across Spotify's ( SPOT ) portfolio.

The new deals could help the streaming firm introduce new

offerings to attract more subscribers. Spotify ( SPOT ) CEO Daniel Ek

said on Tuesday that the company would have personalized

offerings, including a premium tier called "superfans of music".

Separately, WMG, which also represents artists such as

Adele, Wiz Khalifa and Madonna, acquired rights of a controlling

stake in Tempo Music that it said would boost Warner Chappell's

catalog.

WMG's shares were down 3.1% in premarket trading. Warner

Music ( WMG ) on Thursday also reported its first quarter results, with

its $1.67 billion revenue coming in line with estimates compiled

by LSEG.