As the race for digital domination between streaming services rages on, more details are coming to light about the deals between services and labels. The Verge, a tech and media news website, obtained a copy of Sony Music’s licensing contract with Spotify, a two-year contract with an optional third year that promises up to $42.5 million in advances to the label, as well as $9 million in free advertising space with the option to purchase an additional $15 million of more space at a heavily discounted rate. But the crux of the issue is: Is any of that advance money going to the artists?
Read the full report here at The Verge.
Most Viewed
-
Singer Patsy Cline poses for a portrait circa 1961. Photo by Michael Ochs Archives/Getty Images -
LOS ANGELES – 1985: Singer Rosemary Clooney poses for a portrait in 1985 in Los Angeles, California. (Photo by Harry Langdon/Getty Images) -
UNSPECIFIED – SEPTEMBER 01: Photo of Raspberries (Photo by Michael Ochs Archives/Getty Images) -
Faron Young, who put Willie Nelson on the map -
LAS VEGAS – APRIL 06: ***EXCLUSIVE*** Kix Brooks and Ronnie Dunn of Brooks & Dunn perform "The Cowboy Rides Away' onstage during the 44th annual Academy Of Country Music Awards' Artist of the Decade held at the MGM Grand on April 6, 2009 in Las Vegas, Nevada. (Photo by Kevin Winter/ACM2009/Getty Images for ACM) -
Mouth and MacNeal, Willem Duyn und Maggie MacNeal, Pop Gesangsduo aus den Niederlanden, Auftritt in Deutschland, 1972 -
English rock band Procol Harum posed outside the Centre Point office building at St Giles Circus in London in May 1967. Members of the group are, from left, Ray Royer, Bobby Harrison (1939-2022), David Knights, Gary Brooker (1945-2022) and Matthew Fisher. (Photo by Ivan Keeman/Redferns) -
AUSTIN, TEXAS – Lloyd Maines performs onstage during "Austin City Limits Celebrates 50 Years: A Special Anniversary Taping" of the long-running music series "Austin City Limits" at ACL Live on November 21, 2024 in Austin, Texas. (Photo by Rick Kern/Getty Images)