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by naveenspark
4023 days ago
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Taylor Swift is signed to Big Machine Records (BMLG). Big Machine Records is distributed by Universal Music Group (UMG). I am sure BMLG/UMG received a sizable advance from Apple in exchange for streaming rights for their master recordings. UMG probably negotiated an even higher advance in exchange for permission to launch the 3 month free campaign. UMG / BMLG should be sharing this advance payment with their artists. Taylor knows this so a good question to ask is: What % of the advance is Taylor receiving? The answer is probably none because most artists receive nothing from these advance payments. Even the hugely successful ones. So why is Taylor writing this letter? She is extremely smart and has a brilliant team of advisors around her so she knows about the advance that Apple already paid UMG. While posting this letter fits into the general discourse regarding underpayments to artists from streaming services, behind the scenes she is likely negotiating her own, separate, significant advance from Apple. I would do the same if I were her. |
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