Taylor Swift signed a new record deal recently and when she made the big announcement Monday that her new home would be with Universal Music Group and Republic Records, she coupled the long-awaited deal with an unusual provision: As part of her joint contract with the label, UMG must promise to hand over to artists, on a non-recoupable basis, a portion of the windfall from its Spotify shares in the future.
Not just to Swift, but to all its artists.
Read more details on the new record deal and it’s impact other artists here.
