MMF calls for Universal to follow Warner and Sony in sharing streaming equity revenue with artists

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This post was originally published at musicweek.com

Following Warner and Sony’s decision to share revenue from equity stakes in streaming services with its artists, the Music Managers Forum has called for Universal to make the same pledge.

Warner Music Group CEO Stephen Cooper told investors yesterday (February 4) that, in the event that the company does receive cash proceeds from the sale of its equity stakes in streaming services, it will share the revenue with its artists on the same basis that it shares revenue from actual usage and digital breakage.

Continue reading at musicweek.com

Author : Murray Stassen

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