12
Jun
Artists who signed to the record label of Sony Music before the year 2000. have been relieved of their huge debts. It means that many will now, for the first time, earn money when their songs are streamed on services like Spotify and Amazon Music. Source said that the eligible acts would "include household names". It said some artists stood to receive "many thousands of dollars per year". Why are recording artists in debt in the first place? Musicians typically take on debt when they first sign to a record label to pay for recording studios, video shoots, distribution and…