United Kingdom, April 30 -- A deal made by Taylor Swift in 2018 will see Universal Music Group's artists profit from the record label's sale of their Spotify stake.

The 36-year-old singer signed a deal with the label in 2018 shortly after the release of her album Reputation, at a time when rivals Sony Music and Warner Music Group had just sold their stakes in the streaming service, with both of those labels offering different deals to their artists.

Any artists managed by Sony at the time received payment from the deal, regardless of whether they owed any money back to the label for their original record deal, but those signed to Warner were only paid out if the label had already recouped the money from their original deal, meaning the ...