Warner Music Group and Spotify have announced a new, multi-year agreement, covering both recorded music and music publishing, that effectively ends the companies' disputes over the streaming giant's "bundling" option,

This major agreement delivers new benefits for artists, songwriters and fans, while unlocking further collaboration that expands the music ecosystem."

Spotify and Warner Music Group , 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.