@musicbizworld: Universal Commits to Sharing Stock Sale Proceeds with Artists — Music Technology Policy

According to Music Business Worldwide, Universal has committed to sharing profits from the sale of Spotify stock. The exact quote is: “CONSISTENT WITH UMG’S APPROACH TO ARTIST COMPENSATION, ARTISTS WOULD SHARE IN THE PROCEEDS OF A [SPOTIFY] EQUITY SALE.” Sources close to Vivendi-owned UMG suggest it may have been corporately restricted from making a hypothetical […]

via @musicbizworld: Universal Commits to Sharing Stock Sale Proceeds with Artists — Music Technology Policy

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