Spotify Offers Managers, Artists Advances to License Music Directly to the Service

Spotify has offered advances to a number of managers and indie acts in exchange for licensing their music directly to the streaming service. Under the terms of some of the deals, management firms can receive several hundred thousand dollars as an advance fee for agreeing to license a certain number of tracks by their independent acts directly to Spotify.

Source: Spotify Offers Managers, Artists Advances to License Music Directly…

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