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Destiny Media Technologies ( (TSE:DSY) ) just unveiled an update.
On December 19, 2025, Destiny Media Technologies Inc. extended its long-standing Online Content Distribution Services Agreement with Universal Music Group Recording Services, Inc. for three additional years, lengthening the term through December 31, 2028. The renewed deal sets service fees at USD $1.6 million for 2026, with a 2% annual increase thereafter, reflecting lower engineering development needs after Universal Music’s full migration to the Play MPE® platform, while reserving separate fees for any future custom development work and excluding distribution services to clients not already covered. The extension, which builds on services relationships dating back to 2005 and a global agreement since 2009, marks the longest term agreed between the parties and the first to embed multi-year inflation adjustments, underscoring the strategic importance and stability of Destiny Media’s role as a core distribution partner for Universal Music.
More about Destiny Media Technologies
Destiny Media Technologies Inc. operates in the digital media and music technology industry, providing online content distribution services through its Play MPE® platform, which is used by major record labels such as Universal Music Group for global digital delivery of music and related content to industry recipients.
Average Trading Volume: 7,672
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$6.2M
For detailed information about DSY stock, go to TipRanks’ Stock Analysis page.