Beyond the glitz and glamor, the business side of music can be tough for artists.
For, acts are typically tasked with recouping the label’s spend on their projects by way of sales. As such, if they don’t meet this commercial marker, they’re effectively indebted to the label – even when they move on. So much so that music royalties may not be paid to artists, but instead, go towards settling the debt.
In a seismic move, Sony Music has announced a game-changing pivot on this practice; one that will unquestionably impact the industry in a major way.
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