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In Reply to: RE: 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."
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Meanwhile, there is a lot of great music out there denied to millions of listeners due to "copyright" restrictions..... And a lot of these artists will ultimately hang it up sooner rather than later because their music, albeit good, remains totally unknown.
I make music because it's my intrinsic ability; not because I have little to no ability to monetize it in today's market.
http://mindseyemusic.blogspot.com/
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