Should Spotify windfall lead majors to cancel unrecouped debts for legacy artists?
Posted on: 23 mai 2018, by : Stuart Dredge

Musician Tom Gray of British band Gomez – currently firing up crowds on the 20th anniversary tour celebrating their ‘Bring It On’ album – has an idea for major labels about how to follow up their windfalls from Spotify’s public listing.
In short: he thinks they should cancel the unrecouped debts of the legacy artists whose music was part of the catalogues that ensured they got equity in Spotify before its launch 10 years ago.
Gray outlined his thoughts in a tweetstorm this week.
“The majors are all making huge profits from the sales of their Spotify shares and they say they will distribute monies to artists based on the number of streams they’ve had,” he wrote.
The post Should Spotify windfall lead majors to cancel unrecouped debts for legacy artists? appeared first on Music Ally.
Source: Music ally

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