Last.fm launches royalty payments for unsigned acts

Last.fm has introduced what seems to be a fairly useful royalty scheme for unsigned acts. What this means is that independent artists can collect royalties from Last.fm each and every time their track is listened to through the site, which is a nice way to make a little income and the first time artists who are independent of a label or royalty collection agency can get paid for their music being streamed online
Unsigned and independent artists can sign up for the program when they upload their music to Last.fm, and earn revenue when their tracks are played free-on-demand, or on Last.fm’s streaming radio, or both.
The deal follows Last.fm’s introduction of the Artist Royalty Program, which offered independent acts revenue for use of their music and since the launch of which over 450,000 tracks have been uploaded to Last.fm and offered for free-on-demand streaming.
 Martin Stiksel, Last.fm co-founder, said: “This is a big day for independent artists. We’re leveling the playing field by offering them the same opportunities as established bands to make money from their music. The young musician making music in a bedroom studio has the same chance as the latest major label signing to use Last.fm to build an audience and get rewarded. The Artist Royalty Program is another revolutionary step towards helping musicians take control of their music — and, more importantly, make a living from it.”
Artists can upload their music and sign up for the Artist Royalty Program at: http://last.fm/uploadmusic.
 

If you enjoyed this post, make sure you subscribe to my RSS feed!

2 thoughts on “Last.fm launches royalty payments for unsigned acts

  1. Pingback: Last.fm pays unsigned acts for streaming tracks | Electricpig

  2. Pingback: Distorted-Loop.com » Indie labels slam Last.fm on royalties and use

Leave a Reply

Your email address will not be published. Required fields are marked *