---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-22-013437"
form_type: "8-K"
ticker: "DSNY"
cik: "0001099369"
company_name: "DESTINY MEDIA TECHNOLOGIES INC"
filed_at: "2022-05-25T23:59:59+00:00"
generated_at: "2026-06-25T07:04:36.323303+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Destiny Media renews Universal Music Group agreement with 10% fee increase through 2024

## Summary
- Renewed and extended Online Content Distribution Services Agreement with Universal Music Group Recording Services until March 31, 2024.
- Monthly service fees increased 10% effective April 1, 2022 for Year 1 (to March 31, 2023).
- Potential additional 2.5% fee increase in Year 2 (April 2023–March 2024) if usage targets met.
- Either party may terminate the agreement at March 31, 2023 with notice by December 31, 2022.

## SEC filing metadata
- accession: 0001062993-22-013437
- form_type: 8-K
- ticker: DSNY
- cik: 0001099369
- company_name: DESTINY MEDIA TECHNOLOGIES INC
- filed_at: 2022-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099369/000106299322013437/0001062993-22-013437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099369/000106299322013437/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-013437
- JSON: https://secwatch.observer/filing/0001062993-22-013437.json
- Plain text: https://secwatch.observer/filing/0001062993-22-013437.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.