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Cür Media reveals $8m advance payments to major labels


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A single paragraph in the Wall Street Journal’s profile of Cür Media – the company behind new US streaming service Cür Music – offers a useful snapshot of music licensing in 2016, based on comments from CEO Tom Brophy.

“After starting the company in 2014, he has obtained licenses from all three major record companies, giving them a collective $8 million in advance money as part of the deal and issuing them a 5% stake in the company,” explained the WSJ. “Cür still needs to raise more money to launch the service, Mr. Brophy said.”

One label executive quoted anonymously in the piece claimed that his company licensed the service ‘primarily because it didn’t want to turn down the advance money’.

Stuart Dredge

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