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 for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial