Taylor Swift’s record contract could lead to millions of dollars being paid to artists as UMG prepares to sell half of their equity stake in Spotify.
When Swift signed her contract in 2018, she negotiated a clause stating that any sale of UMG’s Spotify shares would result in a distribution of money to their artists, non-recoupable.
Her “non-recoupable” clause ensures that artists receive that money even if they still owe advances to the label that signed them.
(https://t.co/a6vxKX98qo)
Instead of people canceling subscriptions why doesn't she pull her catalog from Spotify to make a statement? Why is she always telling others to do something without doing anything herself?
Tonight all these lives converge here
The mosaics of laughter and cocktails of tears
Where fraternal souls sing identical things
And it’s beautiful
It’s rapturous.
It is frightening.
———
I can’t tell you how proud I am to share this with you, an album that just feels so right. A forever thank you goes out to my mentors and friends Max and Shellback for helping me paint this self portrait.
If you thought the big show was wild, perhaps you should come and take a look behind the curtain...
The Life of a Showgirl is out now.
https://t.co/VetltwlcoJ
Album Producers: Max Martin, Shellback and Taylor Swift
📸: Mert Alas & Marcus Piggott