Destiny Media (DSNY) secures multi-year Universal Music Play MPE® contract extension

Rhea-AI Filing Summary

Destiny Media Technologies (DSNY) has extended a key services agreement with Universal Music through December 31, 2028. The Online Content Distribution Services Agreement covers use of the Play MPE® online platform by Universal Music. Service fees are set at USD $1.6 million for calendar 2026 and will increase by 2% annually for the rest of the term, with additional development work billed separately.

The filing notes that Universal Music fully transitioned to the Play MPE® platform, reducing ongoing engineering needs and shaping the new fee structure. Various Universal Music entities have used Play MPE® under services agreements since 2005, with a global agreement since 2009. This extension is described as the longest term agreed so far and the first to build in an annual inflation adjustment over multiple years.

Insights

Media technology and contracts analyst

Multi-year Universal Music extension locks in recurring Play MPE® fees with built-in increases.

Destiny Media Technologies extended its Online Content Distribution Services Agreement with Universal Music to December 31, 2028. The agreement sets service fees at USD $1.6 million for calendar 2026, with a contractual 2% annual increase for the remaining years. Additional development work, if needed, is billed under separate fees, which can add incremental revenue tied to project scope.

The company highlights that Universal Music’s full transition to the Play MPE® platform reduces ongoing engineering development requirements, which may help protect margins on the base service fees. The relationship dates back to 2005, with a global agreement since 2009, and this latest extension is described as the longest term and the first to embed an annual inflation adjustment over a multi-year period. This suggests contractual visibility on a material customer relationship, while actual financial impact will depend on overall revenue mix and any additional development services.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 19, 2025

DESTINY MEDIA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Nevada	000-28259	84-1516745
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

428 – 1575 West Georgia
Vancouver, British Columbia, Canada V6G 2V3
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (604) 609-7736

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On December 19, 2025, Destiny Media Technologies Inc. (the "Company") extended its Online Content Distribution Services Agreement (the "Agreement") with Universal Music Group Recording Services, Inc. ("Universal Music"). The Agreement has been extended for an additional three years and now runs through December 31, 2028.

Under the Agreement, service fees are set at USD $1.6 million for the 2026 calendar year and will increase by 2% annually for the remainder of the term. The revised fee structure reflects reduced engineering development requirements following Universal Music's full transition to the Play MPE® online platform. Where additional development services are required, the Agreement provides for separate fees associated with those services. The Agreement excludes distributions to current and prospective clients of Play MPE® (or the Company) that are not presently covered under the Agreement.

Various Universal Music entities have been under services agreements with Play MPE® since 2005, with a global agreement in place since 2009. This extension represents the longest term agreed to date and the first to incorporate an annual inflation adjustment over a multi-year period.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DESTINY MEDIA TECHNOLOGIES INC.
Date:  December 23, 2025
	By:	/s/ FRED VANDENBERG
		FRED VANDENBERG
		Chief Executive Officer, President and Secretary

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FAQ

What did Destiny Media Technologies (DSNY) disclose about its agreement with Universal Music?

Destiny Media Technologies disclosed that it extended its Online Content Distribution Services Agreement with Universal Music Group Recording Services, Inc. for an additional three years, so the agreement now runs through December 31, 2028.

How much will Universal Music pay Destiny Media Technologies under the extended agreement?

Under the extended agreement, service fees are set at USD $1.6 million for the 2026 calendar year, and those fees will increase by 2% annually for the remainder of the term.

What services does Destiny Media Technologies provide to Universal Music in this agreement?

The agreement covers online content distribution services delivered via Destiny Media Technologies’ Play MPE® online platform. Universal Music has fully transitioned to this platform, which reduces ongoing engineering development requirements.

Are there additional fees beyond the base service fees in the Destiny Media–Universal Music agreement?

Yes. The agreement states that when additional development services are required, there will be separate fees associated with those services, distinct from the base service fees.

Does the Universal Music agreement cover all Play MPEae clients for Destiny Media (DSNY)?

No. The agreement excludes distributions to current and prospective clients of Play MPE® (or the company) that are not presently covered under this agreement.

How long has Universal Music been using Destiny Media27s Play MPEae services?

Various Universal Music entities have been under services agreements with Play MPE® since 2005, and a global agreement has been in place since 2009. The newly disclosed extension is described as the longest term agreed to date and the first with a multi-year annual inflation adjustment.