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Sony aims to pay artists/labels for Spotify stock sale by August

Sony has made yet another move toward transparency in how it is distributing the proceeds from its sale of Spotify stock. Sony Music Entertainment has informed indie labels by email that it intends to make payments to eligible artists and participants as soon as possible. There is one interesting and revealing point. Continue Reading

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Sony and Warner each net millions from Spotify stock sale

Spotify’s direct listing on the New York Stock Exchange marked a new chapter for the streaming music service, and the action has continued to make waves in the industry. The latest developments are that two of the major labels that were early investors in Spotify during its startup days have sold portions of their shares. Continue Reading

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Sony’s Legacy label staffs for streaming

As the latest research will confirm, streaming is the dominating force for music industry revenue. That shift has led to changes in how labels and music companies dedicate their resources. Sony’s Legacy label is the latest to embark on its own digital transition. Legacy focuses on the catalog business, which includes digital remastering old recordings and producing other reissues. Continue Reading