Independent label Defected Records has announced that its artists will all now get a minimum of 30% of the digital royalties from their music. Which is not a drastic change – Music Week reported that most of Defected’s roster already gets this – but has been announced as a clarion call of sorts to encourage other labels to follow suit.
Alongside the new policy, Defected has also written off unrecouped balances for artists who signed more than 10 years ago, and promised to account to its artists, producers and songwriters every quarter rather than twice a year.
“These changes are a natural progression with artists in mind, one that ensures we continue to think about the future of the music industry, with artist benefits at the forefront of our commercial strategies,” said CEO Wez Saunders, who led a management buyout of Defected earlier this summer.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…