AIM CEO Paul Pacifico has told Music Week that the majors should “do the right thing” as they pass on the proceeds from the sale of Spotify equity to distributed indie labels.
The independent sector is weighing up the differing approaches of the labels in sharing a potential streaming windfall.
While the majors declined to comment, sources at Sony Music said the company has chosen to make the payments as a gesture of goodwill to artists and label partners. Following ...
Register for a Music Week trial to access this article. Sign up today and you will receive: