{"id":74,"date":"2022-04-04T12:22:52","date_gmt":"2022-04-04T16:22:52","guid":{"rendered":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/?p=74"},"modified":"2022-04-04T12:23:46","modified_gmt":"2022-04-04T16:23:46","slug":"universal-follows-sony-and-warner-in-waiving-unrecouped-advances-for-some-legacy-artists","status":"publish","type":"post","link":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/universal-follows-sony-and-warner-in-waiving-unrecouped-advances-for-some-legacy-artists\/","title":{"rendered":"Universal Follows Sony and Warner in Waiving Unrecouped Advances for Some Legacy Artists"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">All three major label groups have now announced policies to help historical acts overcome strict contracts<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Jazz Monroe<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"2000\" height=\"754\" data-id=\"75\" src=\"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg.png\" alt=\"universal music group picture\" class=\"wp-image-75\" srcset=\"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg.png 2000w, https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg-300x113.png 300w, https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg-1024x386.png 1024w, https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg-768x290.png 768w, https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-content\/uploads\/2022\/04\/universalmg-1536x579.png 1536w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><\/figure>\n<\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Universal Music Group has followed&nbsp;<a href=\"https:\/\/pitchfork.com\/news\/sony-music-to-pay-royalties-to-unrecouped-legacy-artists-and-producers-in-major-policy-change\/\">Sony Music<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.billboard.com\/pro\/warner-music-group-legacy-royalty-program\/\" rel=\"noreferrer noopener\" target=\"_blank\">Warner<\/a>&nbsp;in announcing a program for certain legacy artists to receive royalties without having recouped their advance payments,&nbsp;<a href=\"https:\/\/www.billboard.com\/pro\/universal-music-group-waive-legacy-artists-songwriters-unrecouped-royalties\/\" rel=\"noreferrer noopener\" target=\"_blank\"><em>Billboard<\/em><\/a>&nbsp;reports. Unveiling the plan in its environmental, social and governance report yesterday (March 31), Universal, the world\u2019s largest music company, became the last of the big three label groups to propose such a scheme. Eligible artists will receive royalties backdated to the start of 2022, but Universal did not explain who would qualify or why.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.rollingstone.com\/pro\/features\/music-black-artists-old-record-deals-1011447\/\" rel=\"noreferrer noopener\" target=\"_blank\">Beggars Group<\/a>&nbsp;kickstarted the trend in 2020, aiming to correct old-fashioned label deals, particularly with Black artists, which locked signees into exploitative contracts with low royalty rates. Back in 2001, UMG launched a similar scheme on a smaller scale through its Motown\/Universal Music Group Fund, which gave health and welfare grants to artists and their spouses with a UMG royalty account, as long as Universal exclusively owned the relevant label.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All three major label groups have now announced policies to help historical acts overcome strict contracts By Jazz Monroe Universal Music Group has followed&nbsp;Sony Music&nbsp;and&nbsp;Warner&nbsp;in announcing a program for certain legacy artists to receive royalties without having recouped their advance payments,&nbsp;Billboard&nbsp;reports. Unveiling the plan in its environmental, social and governance report yesterday (March 31), Universal,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-74","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/posts\/74","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/comments?post=74"}],"version-history":[{"count":2,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/posts\/74\/revisions"}],"predecessor-version":[{"id":93,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/posts\/74\/revisions\/93"}],"wp:attachment":[{"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/media?parent=74"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/categories?post=74"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/benalbright.net\/nmc\/production\/project-three\/news\/wp-json\/wp\/v2\/tags?post=74"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}