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Some 20th Century Rock Artists May Get Royalties for First Time river967.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from river967.com Daily Mail and Mail on Sunday newspapers.
Some 20th Century Rock Artists May Get Royalties for First Time kingfm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kingfm.com Daily Mail and Mail on Sunday newspapers.
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 agreement to borrow money from a label, who guide its spending in the hope of making a profit from the release of an album. If an artists fails to sell enough records to make a profit, future income is used to fund repayment of the debt. The nature of some deals meant that even relatively successful musicians would remain in debt. ....
PPL collects £225.7m in 2020, down 17% from 2019 20th May 2021 UK music licensing company PPL collected £225.7 million for performers and recording rightsholders in 2020, a drop of £46.1 million, or 17%, from the previous year. Unsurprisingly, income from public performance and dubbing declined by a massive 42.2% to £57.5 million as a result of the pandemic. Despite the lockdown affecting live performance, the 2020 total is PPL’s third highest annual collection to date. This is a result of strong international collection which totalled £85.9m in 2020, a drop of just 0.9% from the record £86.7 million collected in 2019. With more added to its existing roster in 2020, PPL now has agreements with 105 international music licensing companies. ....
By David Cohen Opinion - They say a week is a long time in politics, but a month of local music can feel longer still. We re not even halfway through NZ Music Month, and already it feels like it s had a rather good running time. Long ago, the country s once solidly left-field acts morphed into the music of choice for putting callers on hold, says David Cohen. Photo: 123rf History never repeats, at least according to one of the better-known bands the country is meant to be in the middle of celebrating - as has been the case since the turn of the century. When it comes to dedicated days, weeks and months, though, history also high-rotates. ....