Home Industry News Artist and management community welcome Sony Music’s decision to pay royalties to artists on unrecouped pre-2000 record deals
The artist and management community have both welcomed a move by Sony Music to start paying through royalties to artists with record contracts that pre-date 2000 even if said artists are yet to ‘recoup’ on their original deal. The big announcement from the major comes amidst increased debate about the intricacies of record deals, partly sparked by the big conversation around the economics of streaming that has taken place during the COVID pandemic, and in no small part because of the #brokenrecord and #fixstreaming campaigns.