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Sony Music to Waive Unrecouped Debts for Pre-2000 Acts as Part of ‘Artists Forward’ Campaign

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variety.com

Jem Aswad Senior Music EditorSony Music Entertainment has announced “an expansion of the comprehensive support we provide to thousands of our artists around the world” via a new initiative called Artists Forward, “prioritizing transparency with creators in all aspects of their development,” the company stated in a letter to artists.The most striking element of the campaign is the “Legacy Unrecouped Balance Program,” whereby the company “will no longer apply existing unrecouped balances to artist and participant earnings generated on or after January 1, 2021 for eligible artists and participants globally who signed to SME prior to the year 2000 and have not received an advance from the year 2000 forward,” the letter reads in part (read the.

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