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
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