apple music has pledged up to 50 million in advance royalty payments to indie labels

Apple recently sent out an email to many of its signed smaller music labels, laying-out a good-faith plan for advancing royalty payments to artists in need. Apparently, the fund can provide up to $50 million in payments to help artists weather the ongoing COVID-19 crisis.

These are difficult times for the music industry globally. Livelihoods are at risk, with multiple sources of income that our industry relies on vanishing overnight. Apple has a deep, decades-long history with music, and we are proud to be in close partnership with the best labels and artists in the world. We want to…


Link: https://www.gsmdb.com/gsmarena/apple_music_has_pledged_up_to_50_million_in_advance_royalty_payments_to_indie_labels-news-42531.php