Company: DSNY
Filing Date: 2025-12-23
Form Type: 8-K
Source: 0001062993-25-017471
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Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-12-23
Form: 8-K
Item: Item 8.01
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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