In 2019, research group MBW figured the three major labels each made round $1 million an hour from streaming; only the largest unbiased labels clear that much in a year. The top seven artists on Spotify every earn around half one million dollars per 12 months from streaming on the service, whereas Spotify royalties pay the underside 99 p.c of artists a median of $25 yearly. Where the MFN clause truly turns out to be useful for Sony Music is when it’s used in conjunction with part 5, the “annual true-up of advances” clause. This clause makes positive Sony Music’s yearly advances from Spotify are on par with the best deal negotiated by another label based mostly on the percentage of market share. “I’ve worked at the main labels, and I’ve labored at the indies, so I’ve seen both sides of the business,” says Rich Bengloff, president of the American Association of Independent Music. “A lot of the time, money that’s paid outdoors of the direct utilization doesn’t find yourself getting shared.”
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