BMG says that it is speeding up payments to more than 20,000 US and UK songwriters on old contracts. The company says the move is “part of [our] program to ensure established clients are not left behind by changes in the industry”. It will see songwriters paid within 60 days of the close of a royalty period rather than the 90 days specified in their contracts.
Source: BMG is speeding up payments for over 20,000 songwriters (which is also good news for KKR)