Sony confirms it will share Spotify equity money with its indie label partners

Sony Music has told MBW that it will share any windfall from the sale of its 5.7% stake in Spotify with the independent labels it distributes. The news comes a day after the Worldwide Independent Network (WIN) questioned whether the majors would pass their independent label partners – and therefore the artists signed to them … Continued

The post Sony confirms it will share Spotify equity money with its indie label partners appeared first on Music Business Worldwide.

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