TAYLOR SWIFT’S SIGNS NEW DEAL WITH UMG, ADJUSTS COMPANY’S SPOTIFY PAY OUT

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Taylor Swift is altering the game. The megastar has marked another milestone, which would move her to Universal Music Group. Assortment reports UMG will be the “selective worldwide recorded music accomplice for Swift” with Republic Records filling in as her accomplice. Be that as it may, her new arrangement starts a change for all specialists as Universal will presently realign the offering of Spotify shares possessed by the organization to give cash to their craftsmen.

The terms of the arrangement are not expressed by UMG or Swift past it being a multi-year bargain. What Swift details in a letter that features the arrangement is the redistribution of Spotify value.

“There was one condition that meant more to me than any other deal point. As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artists, non-recoupable. They have generously agreed to this, at what they believe will be much better terms and paid out previously by other major labels. I see this is a sign that we are headed toward positive change for creators – a goal I’m never going to stop trying to help achieve, in whatever ways I can. I’m so happy to have Sir Lucian Grainge as a partner in these efforts.”

You can read the entire letter from Taylor Swift available on her Tumblr.

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