It's all about money...

General Asylum

General audio topics that don't fit into specific categories.

Posted by Ivan303 (A) on May 20, 2015 at 21:36:24

In Reply to: They want your $$$$$ posted by LWR on May 20, 2015 at 20:06:45:

"In section 4(a), Spotify agrees to pay a $25 million advance for the two years of the contract: $9 million the first year and $16 million the second, with a $17.5 million advance for the optional third year to Sony Music."

"But what the contract doesn't stipulate is what Sony Music can and will do with the advance money. Does it go into a pot to be divided between Sony Music's artists, or does the label keep it to itself? According to a music industry source, labels routinely keep advances for themselves."

Link below:

First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass

This was Sony Music's contract with Spotify (Open in New Window)

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Follow Ups Full Thread

Topic - They want your $$$$$ - LWR 20:06:45 05/20/15 (12)

RE: They want your $$$$$ - fantja 05:34:09 05/22/15 (0)

Awesome - mt10425 13:46:56 05/21/15 (0)

Just wait until Bob's DSP er MQA hits full stride, then Meridan gets everybody's money. - stehno 00:39:46 05/21/15 (6)

RE: Just wait until Bob's DSP er MQA hits full stride, then Meridan gets everybody's money. - mbnx01 15:38:52 05/21/15 (0)

But they didn't say it would last forever, as in "Perfect Sound Forever"... - Dman 05:27:44 05/21/15 (4)

But Perfect Sound Forever IS forever. - samtellig 07:00:14 05/21/15 (3)

I thought he said "all else is gaslight"? - DustyC 21:42:27 05/21/15 (2)

Yes, it was gaslight. Sorry.(nt) - samtellig 12:25:02 05/22/15 (0)

That's the statement I too recall (nt) - Steve O 05:24:50 05/22/15 (0)

It's all about money... - Ivan303 21:36:24 05/20/15 (2)

RE: It's all about money... - Todd Krieger 22:06:31 05/20/15 (1)

RE: It's all about money... - michaelhigh 09:35:15 05/21/15 (0)

Follow Ups

It's all about money... - Ivan303 21:36:24 05/20/15 (2)

RE: It's all about money... - Todd Krieger 22:06:31 05/20/15 (1)

RE: It's all about money... - michaelhigh 09:35:15 05/21/15 (0)

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