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UK Managers & Artists Call for 'Recoupment Holidays' From Major Labels During Coronavirus Shutdown
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billboard.comLONDON — Major record companies and publishers are facing increasing pressure to do more to support musicians and songwriters who have seen their livelihoods wiped out by the coronavirus pandemic.
Leading the call in the United Kingdom are trade organizations Music Managers Forum (MMF) and Featured Artists Coalition (FAC), who are asking labels and publishers to implement temporary ‘recoupment holidays’ -- effectively putting aside recoupment balances when paying out artist royalties -- until the situation has improved.
MMF, which represents more than 800 music managers, and the FAC also want to see Universal Music, Sony Music and Warner Music, as well as the major publishers, pay out additional advances and move contractual deadlines where
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