Artists must benefit from Spotify IPO, says FAC's Lucie Caswell
Featured Artists’ Coalition CEO Lucie Caswell has called for the “due reward” for creators following Spotify’s IPO.
Caswell stressed that music makers “created the assets which make Spotify and its rivals the [multi] billion dollar businesses they are today”.
While Caswell said Spotify’s stock exchange launch “proves the extraordinary opportunities of our digital age”, she called for a fair return for artists and expressed concern about “rewards to the music value chain” from labels’ licensing deals incorporating equity.
“Surely it ...
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