Many musicians feel like they’re getting screwed in the age of streaming music so Warner Music Group wants to spread a little love. The company said Thursday it would include artists in any cash windfall Warner might get from the ownership stakes it holds in streaming services like Spotify in the event those businesses go public or are sold. Within hours of Warner’s announcement, Sony Music said that it’s doing the same.
Source: Warner, Sony Say They’ll Share Potential Spotify Windfall With Artists – Bloomberg Business