Beatport halts royalty payments in name of privatization


Beatport sent a letter to music rights-holders yesterday evening informing labels that royalties will not be paid for the past quarter, from April through June, until SFX fulfills its ‘going private’ process. According to several labels, payments were due on Thursday, July 30th.

Here’s a short post from Morgan Geist, owner of Environ Records who put up Beatport’s email to all labels.

Beatport can't seem to pay artists or labels on time right now. Couldn't seem to find the word "Sorry" in this…

Posted by Morgan Geist on Tuesday, August 4, 2015

Khushrav Bhada
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Khushrav Bhada

DJ, podcast host and team partner at T.H.E, Khushrav is a music enthusiast whose interests spread across all genres from electronic to hip-hop to classical opera.
Khushrav Bhada
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