PIAS Entertainment Group And Play It Again Sam recordings, reached an agreement with Apple Music for their large roster of independent artists.
Thiese quotes are from TheQuietus.com:
On Monday, Apple Music agreed to pay royalties to rights holders during the three-month free trial period offered to users of their service. This came after days of uncertainty and disagreements that came to a head with Taylor Swift penning an open letter criticising Apple’s initial decision not to pay. Now label group PIAS have issued a statement that concludes “despite what one might read, this was not entirely down to Taylor Swift.”
And:
Adrian Pope, Managing Director of PIAS, says: “ Over the last three weeks or so we and others have worked hard to secured a range of significant benefits, protections and improvements on the originally proposed terms.
And:
“A key point of improvement is that we will now receive a per stream payment from day 1 of any free trial period. Other controls and protections have been added such that we feel this is a genuinely good deal for the labels and artists we represent. It should be noted that [PIAS] made it contingent that in us approving this agreement the same terms would be made available to all 4000+ independent labels, thus providing a fair playing field for all.”
Interesting.