In the past year, Sony and Warner Music Group have paid its artists after sales of their Spotify shares. She said UMG has agreed that if it sells its shares of its stake in the streaming company Spotify, it will distribute money to its artists, and that money is non-recoupable. There was one condition of the deal that Swift said "meant more" to her than any other - and it concerns all of the label’s artists, not just her. ![]() In the age of social media, an artist like Swift can reach millions of fans without a label's help, and streaming has reduced the value of distributing hard copies of an album. The old deal structure made more sense because labels acted as the bank, fronting money to fund a new project, the distributor that manufactured the hard copies of the album and provided trucks to deliver them to record stores, and the promoter that pitched the music to radio stations. I also feel strongly that streaming was founded on and continues to thrive based on the magic created by artists, writers, and producers." I feel so motivated by new opportunities created by the streaming world and the ever changing landscape of our industry . "It's really important to me to see eye to eye with a label regarding the future of our industry. "It's also incredibly exciting to know that I'll own all of my master recordings that I make from now on," Swift said on her Instagram post. Progressive companies like Nashville's Thirty Tigers have offered deals in which artists own their master recordings. That means when the previous albums recorded by Swift sell or are streamed, Big Machine will continue to make money off those sales.Īrtists have increasingly pushed for deals in which they own their master recordings. Historically, when artists sign record deals, the label owns the master recordings. Swift's ownership of future master recordings is a departure from her deal at Big Machine. ![]() It's so thrilling to me that they, and the UMG team, will be my label going forward." ![]() "Over the years, Sir Lucian Grainge and Monte Lipman have been such incredible partners. "I'm ecstatic to announce that my musical home will be Republic Records and Universal Music Group," she wrote on Instagram. In a key feature of the new deal, Swift said she would own all of her future master recordings. The country-turned-pop superstar announced Monday that she has signed with Republic Records and Universal Music Group after fulfilling a six-album deal with Nashville's Big Machine Records. Watch Video: How Taylor Swift went from the Bluebird Cafe to Nissan Stadium in Nashvilleįrom her debut single to her latest stadium tour, Taylor Swift has called one Nashville-based record label home.
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