Spotify, Apple, Tidal Paying $1.6 Million a DAY In Major Label Guarantees... - 0 views
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Gonzalo San Gil, PhD. on 01 Sep 16"If Spotify crashed tomorrow and couldn't deliver a single song, they'd still own more than $1 million in guaranteed payments to three major recording labels, according to financial data just published. Welcome to the murky - and extremely expensive - world of major label advances."