Universal Music targets monthly accounting to artists
Posted on: 23 juillet 2018, by : Stuart Dredge

Universal Music Group’s head of royalties Cindy Oliver has been talking about the major label’s moves towards accounting to artists on a monthly, rather than a quarterly or semi-annual basis. This is based on the label group’s ‘Global Clearinghouse’ initiative, which went live earlier this month.
“Since we’ll have monthly ingestion and reporting of financial data, we’re ­revamping our local royalty systems around the world so they’ll be able to account to artists on a monthly basis,” Oliver told Billboard.
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Source: Music ally

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