Ron Sweeney Entertainment record Music Ron Sweeney

Sony Music Entertainment to waive debts for thousands of artists

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Ron Sweeney called on major labels to “zero out their unrecouped royalty balances and let their royalties flow to them so they can support themselves”.The MMF have been calling for a more progressive approach to tacking outdated contractual terms for some time and welcome the “Artists Forward” initiative from @sonymusic. [1/4] pic.twitter.com/Fz6LcS2qsf— Music Managers Forum (@MMFUK) June 11, 2021Sony’s new policy will pay royalty earnings retroactively from January 1, 2021 to “eligible artists.

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