Taylor Swift has signed a new global record deal with Universal Music Group.

The 28-year-old singer-songwriter announced the news on Monday, saying she was "ecstatic" to reveal her new musical home.

The agreement follows the expiration of her longtime contract with Nashville-based Big Machine Records, which already operated a distribution partnership with Universal. The label has released all of her albums since her self-titled 2006 debut.

Under her new multi-year agreement, UMG will be the exclusive worldwide recorded music partner for Swift, and UMG's Republic Records will be her label partner in the US.

The financial terms of Swift's deal were not disclosed.

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Taking to Instagram on Monday, Swift posted a picture of herself and Universal Music Group chairman Lucian Grainge and Republic Records CEO Monte Lipman, writing: "I'm ecstatic to announce that my musical home will be Republic Records and Universal Music Group.

"Over the years, (UMG chairman/CEO) Sir Lucian Grainge and (Republic founder/CEO) Monte Lipman have been such incredible partners.

"It's so thrilling to me that they, and the UMG team, will be my label family moving forward.

"It's also incredibly exciting to know that I own all of my master recordings that I make from now on. It's really important to me to see eye to eye with a label regarding the future of our industry.

"I feel so motivated by new opportunities created by the streaming world and the ever-changing landscape of our industry... I also feel strongly that streaming was founded on and continues to thrive based on the magic created by artists, writers, and producers."

Swift added that as part of the UMG contract she asked that any sale of their Spotify shares resulted in a distribution of money to their artists, non-recoupable.

"They have generously agreed to this, at what they believe will be much better terms and paid out previously by other major labels," she said.

"I see this is a sign that we are headed toward positive change for creators - a goal I'm never going to stop trying to help achieve, in whatever ways I can."

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