Warner Music: 'We'll share equity stakes revenue with artists'
Warner Music Group has announced that it will share any proceeds from its equity stakes in digital music services with its artists.
WMG CEO Stephen Cooper announced the news during the company’s quarterly earnings call. Warner is believed to have equity stakes in a number of digital services, including market-leading Spotify, which is well-known to be prepping for an IPO, and SoundCloud.
Should either of those stakes be cashed in, artists signed to WMG labels will benefit in ...
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