Under the deal, Listen will pay the National Music Publishers' Association’s Harry Fox Agency licensing arm a $500,000 advance for use of its clients' music over two years until rates are determined.
If no standardized royalty rate for online music services is set within two years, Listen will pay a monthly advance of $31,250 thereafter.
If one is set, royalties will be paid retroactively or Listen will pay monthly fees after two years until the rates are set.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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