Connect with us

Hi, what are you looking for?

RiseInTheFuture.comRiseInTheFuture.com

Tech News

Universal Music Group lands new royalty model that boosts popular artists

Universal Music Group and Deezer logos
Image: Universal Music / Deezer

Universal Music Group (UMG) announced a new streaming deal today with French music service Deezer that aims to direct more listener payouts toward professional artists. The changes will essentially count a single listen as two listens on popular tracks, giving them more revenue than smaller ones. Currently, platforms like Apple Music and Spotify (and Deezer) generally divide payments based on total listens, regardless of what the track is or who made it.

In the new deal, “professional artists,” from big stars like BTS and Billie Eilish to up-and-coming bands, will effectively see payout increases of 10 percent, the Financial Times reports. To qualify for the increased payouts, artists need a minimum of 1,000 streams per month by at least…

Continue reading…

You May Also Like

Editor's Pick

Jeffrey A. Singer On the same day that the Food and Drug Administration allowed women over‐​the‐​counter access to one progestin‐​only birth control pill, Rep....

Editor's Pick

Jack Solowey and Jennifer J. Schulp Last Wednesday, July 12, an updated version of the Lummis‐​Gillibrand Responsible Financial Innovation Act (RFIA) became public. The...

Editor's Pick

Jeffrey A. Singer The Food and Drug Administration announced this morning that it has granted marketing approval for the over‐​the‐​counter sale of one type...

Editor's Pick

Walter Olson A widely noted new draft paper by two political scientists, Justin Grimmer of Stanford and Eitan Hersh of Tufts, surveys existing research...