jamie ☆ 22 yrs retweetledi
Taylor Swift’s record contract could lead to millions of dollars being paid to artists as UMG prepares to sell half of their equity stake in Spotify.
When Swift signed her contract in 2018, she negotiated a clause stating that any sale of UMG’s Spotify shares would result in a distribution of money to their artists, non-recoupable.
Her “non-recoupable” clause ensures that artists receive that money even if they still owe advances to the label that signed them.
(billboard.com/pro/taylor-swi…)
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