This Week In Music: Sony Music Steps Up For Its Older Artists, Cancels Unrecouped Debts

One of the oldest and saddest stories in the recorded music business has always been the naivete of artists who, eager for fame, jump to sign contracts without thinking of future ramifications. Tru…

One of the oldest and saddest stories in the recorded music business has always been the naivete of artists who, eager for fame, jump to sign contracts without thinking of future ramifications.

It’s why you see some artists out on the road even as their health deteriorates. It’s their only real source of income, since recorded music royalties reward but a few.did something about it. The company announced it has canceled the debts of thousands of artists who signed to the record label before the year 2000. They will now pay royalties from Jan. 2021 forward to those affected.

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