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Sony Music writes off artists' decades-old debts

BY: BBC
Category: Music
The move was announced by Sony boss Rob Stringer, pictured with Beyoncé and Jay-Z (who are not eligible for the scheme)
Sony Music has cancelled the debts of thousands of artists who signed to the record label before the year 2000.
It means that many will now, for the first time, earn money when their songs are streamed on services like Spotify and Amazon Music.
Sony said it could not name the eligible acts due to confidentiality agreements, but a source said it would include household names .
It said some artists stood to receive many thousands of dollars per year . ....

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Sony Music writes off artists' decade-old debts

Sony Music has cancelled the debts of thousands of artists who signed to the record label before the year 2000. ....

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Sony Music writes off artists' decades-old debts

Thousands of artists will finally be able to start earning money from their music. ....

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Social media 'influencers' are an untapped client pool

‘People aren’t taking them seriously’ and ‘do not understand the income that they can achieve’
There are many financial advisers who have had their businesses affected by the pandemic, not least the ability to find clients in this technological age.
One area that Olivia Shipstone, director at St James’s Place (SJP) partner practice OCS Wealth Management, has turned to is the social media influencer market.
Influencers on Instagram and YouTube are starting to become some of the wealthiest people in the world.
The average influencer can reportedly earn $30,000 to $100,000 (£71,940, €82,480) per year by promoting products on their pages. For the users with more than one million followers on social media, they can make more than $100,000, or even up to $250,000, per sponsored post. ....

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