Sony Music Says Artists Have Withdrawn $50M Using Its Cash-Out and Real-Time Advance Features

Sony Music Entertainment (SME) shared a recap with the company’s artists and earnings participants on the progress of its Artists Forward initiative.

, which encompasses SME’s legacy unrecouped balances initiative, healthcare assistance, advances on projected earnings and more.

Notably, the recap offers never-before-reported stats on Sony Music’s artist portal and real-time insights platforms. Introduced in 2019, the features offer music creators and their teams “best-in-class” payment capabilities and real-time updates on consumption of their music and audience engagement data.

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