Universal Music Ups Royalties for Song Downloads
Universal Music Group, the world’s biggest music company, has increased the royalties it pays artists on downloaded music, sources close to the company said on Thursday. Universal, home to Sheryl Crow (news), Sting and Limp Bizkit, has increased its online royalty rate and stripped out some charges, a move that could effectively double payments to artists for songs downloaded on the Internet, the sources and experts said. Officials for Universal, a unit a unit of Vivendi Universal, declined comment. The higher payments reflect an effort by the music conglomerate to meet artists’ demands for greater transparency in accounting while enlisting… Read more »