How much will artists get paid from the major labels’ Spotify profits?
Sony Music’s parent, Sony Corp, confirmed yesterday that its subsidiary sold 17.2% of its Spotify stake on Tuesday (April 3) – the streamer’s first day on the New York Stock Exchange. A quick run through the numbers reveals what that meant: 17.2% of Sony’s 5.71% stake in Spotify equals 0.98% of the whole […]
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