Check’s In the Mail: Sony Music Disburses $750 Million to Artists in ‘Spotify Windfall’ 

Sony Music has begun to distribute the $750 million in profit it collected from the April sale of 50% of its Spotify shares to the artists and distributed labels within the Sony system, Variety has confirmed. As previously reported, Sony, which held 5.7% of Spotify’s stock when the streaming service went public, will not count the funds against the artists’ and label’s unrecouped earnings.

Source: Check’s In the Mail: Sony Music Disburses $750 Million to Artists in ‘Spotify Windfall’ (EXCLUSIVE)

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