Sony Music to expand unrecouped balance program to more artists and songwriters

 

Music Business Worldwide: Newsletter

Sony Music to expand unrecouped balance program to more artists and songwriters Last June, Sony Music Group made the landmark announcement that it would no longer apply existing unrecouped balances to earnings for eligible artists who were signed prior to the year 2000, and who hadn’t received advances since. The move was launched via an initiative called “Artists Forward” which, according to a statement from the record company at the time, focuses on “prioritizing transparency with creators in all aspects of their development”. The marquee policy from that initiative, The Legacy Unrecouped Balance Program, was extended to songwriters in July, with Sony Music Publishing (SMP) revealing that it too would disregard unrecouped balances for qualifying songwriters. Now, Sony Music Group is expanding its unrecouped balance program to even more artists and songwriters... (MBW)

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Don't miss: As Bad Bunny smashes Apple Music records, his manager Noah Assad says Latin Music will 'keep growing' There's "no stopping" Latin Music. The words of Rimas Entertainment CEO Noah Assad, manager of independent Puerto Rican superstar Bad Bunny, speaking to MBW. Assad's comments come a month after MBW predicted that the recorded music market for Latin artists in the United States would generate more than $1 billion in revenue across the 12 months of 2022. Now, we can reveal further proof of the Latin music sector's stratospheric rise... (MBW) Don't miss: Tim Pithouse joins Three Six Zero, overseeing marketing and Web3 Tim Pithouse has joined Three Six Zero as President of Central Services, the global artist management company has confirmed. Pithouse joins Three Six Zero from Sony Music‘s The Orchard, where he was Global Head of Artist & Label Services. The New York-based exec took up that post at The Orchard in 2018... (MBW)

JOB OF THE WEEK Virgin Music is hiring for an Account Lead, Commercial Marketing in New York or Los Angeles. This person must have 4+ years’ experience in music industry sales or marketing with experience in the music streaming space. Existing relationships with labels and/or existing contacts at commercial/marketing platforms also required. [Click here to find out more]

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