Some 20th Century Rock Artists May Get Royalties for First Time
Some 20th Century Rock Artists May Get Royalties for First Time A new initiative by Sony Music Entertainment means some rock artists who signed record deals in the 20th century will receive royalty payments for the first time. Titled the "Legacy Unrecouped Balance Program," (part of a project named Artists Forward), the label reported that income generated from modern revenue channels such as streaming would be passed on to the musicians who created the music, instead of using it against advances the musicians had never been able to pay back. In basic terms, a record deal is often an agre...
Source: ultimateclassicrock.com
