Universal to ignore artists’ unrecouped balances when it pays out Spotify share money… thanks to Taylor Swift

Writing on Instagram to announce her new deal with UMG, Swift wrote: “There was one condition which meant more to me than any other deal point. As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artists, non-recoupable.”

Source: Universal will ignore artists’ unrecouped balances when it pays out Spotify share money… thanks to Taylor Swift

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