Spotify Looking to Make Direct Licensing Deal With Independent Artists

Record companies could be in trouble.

By
Music
19,197 Hypes 6 Comments

As the music industry continues to change as a result of the reach of streaming platforms, Spotify could be set to shake things up even more. Already regarded as being one of the major players in the music world, Spotify is now looking to make direct licensing deals with independent artists.

The music streaming platform has been looking at ways to get around labels to cement an alternative way for emerging acts. Getting music directly from artists and their management creates a new avenue that cuts out the traditional big label structure that has dominated. Although reports are noting that the deals have not amounted to anything close to what record labels pay for contract signings, the advancement payments do offer a greater portion of the money earned through streams. The new strategy from Spotify could prove to be a major blow to the traditional record label music industry.

Stay tuned for more information as the story develops.

For more music news, Drake and Meek Mill recently officially put an end to their beef.

Read Full Article
Source
New York Times

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

878 Users Online

What to Read Next

The Air Jordan 1 Retro High Receives a “Court Purple” Makeover
Footwear

The Air Jordan 1 Retro High Receives a “Court Purple” Makeover

A new take on the classic.

A-COLD-WALL* Releases Its Technical Engineering "INDEX" Capsule
Fashion

A-COLD-WALL* Releases Its Technical Engineering "INDEX" Capsule

Focussing on performance and wearability.

Kanye West Teases Upcoming 'Watch the Throne 2' Release
Music

Kanye West Teases Upcoming 'Watch the Throne 2' Release

‘Ye wants to shake the music world up again.


The Nike React Element 55 "Black/Volt" Receives an Official Release Date
Footwear

The Nike React Element 55 "Black/Volt" Receives an Official Release Date

Another look for the emerging sneaker.

Drake & Meek Mill Officially End Their Beef
Music

Drake & Meek Mill Officially End Their Beef

Sharing the stage for the first time ever.

Musical Based on Tupac Shakur’s Work Soon to Hit Broadway
Music

Musical Based on Tupac Shakur’s Work Soon to Hit Broadway

Musical Based on Tupac Shakur’s Work Soon to Hit Broadway

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.