The International Artist Organisation (IAO) has leapt on the recent leak of Spotify’s Sony Music contract as “a turning point for artists that cannot be underestimated”. The body has published an open letter to European Commission officials criticising the lack of transparency around the “complex and creative deals” that labels have signed with digital music services and which, it claims, “offer opportunity not to reflect the full value of those deals under the contractual terms between label and artist”.
The IAO would like to see labels “develop a code of practise with strict penalties for transgressors that should govern all contracts between artists and record labels and which should provide a framework to better align their interests and foster relationships of partnership”. It intends to be a witness in any ensuing antitrust investigation conducted by the EC – a prospect that looks increasingly likely given the rumpus around the Sony contract, but also mutterings about Apple’s plans.
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Tools: Kaiber
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