The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
Spotify had previously revealed a not-yet-announced deluxe tier could cost $17 to $18 and offer more control and higher quality audio.
UMG allowed its last TikTok license to expire on Feb. 1, citing unfair compensation for its catalog as well as AI and artist safety concerns.
"The forthcoming features will put more power in the hands of artists and their teams," according to Spotify CEO Daniel Ek.
Beatdapp also announced partnerships with SoundExchange and Napster
The new system, due to roll out in France during the fourth quarter, will reward "professional artists" and songs that drive fan engagement.
Subscriptions remain strong, and “music is highly undervalued,” according to Deezer CEO Jeronimo Folgueira.
Songs from popular YouTube series for kids, including Ryan’s Mystery Playdate and Love, Diana, will come to streaming services.
The Colombian rocker extends his 23-year-old partnership with the label.
Endel, a leader in the lucrative "functional music" space, will transform projects from UMG's roster into soundscapes for relaxing or studying.
