In recent days, we have seen how Apple works intensively in the fight against coronaviruses, not only by making important contributions, but also by engaging in building screens to protect health workers. In these movements, we must add yet another, related one Apple Music and labels are independent.
Rolling Stone publication has gained access to the email that labels representing records have begun to receive, an email in which Apple announces the establishment of a $ 50 million royalty fund to ensure artists using fewer resources, you can continue to charge during the epidemic.
Below you can read the face that the major independent labels have found when Apple describes this payment plan in advance:
These are tough times for the music industry worldwide. Livelihoods are at risk, with many sources of income on which our industry depends, disappearing overnight. Apple has a deep and long history in music, and we are proud to work closely with the best labels and artists in the world. We want to help.
Today Apple Music announces the construction of a $ 50 million pre-paid fund for private label labels, to help them pay for artists and continue working.
The royal development will be awarded by independent labels with an Apple Music direct distribution agreement that meets the minimum $ 10,000 price limit on Apple Music's earnings. Each upgrade will be based on the receipt of the previous coin, and will recover compared to the amount received by the future stamp. The donor believes that record labels will generate income for artists and writing works based on financial need.
Stamp development agreements will be posted on iTunes Link Agreements, Taxes and Banking Methods on April 10. To receive advance, you will need to accept the Royal Music Release Agreement and the latest Apple Music Distribution Agreement before May 8, 2020, at 11:59 p.m. PDT.
We hope that together we can help provide stability for musicians by strengthening the long-standing and vibrant music industry. If you have any further questions, please contact us.
The music industry is one of the sectors there coronavirus is also recognized, as all the concerts they had planned were canceled, as well as music festivals. In addition, the use of streaming music is reduced and artists delay the release of their new albums until the image improves slightly.
