Sir Lucien Grainge, chairman and CEO of Universal Music Group believes it’s time for a change in the way streaming services pay labels and artists.
In a memo to Universal staff, Grainge writes. “What’s become clear to us and to so many artists and songwriters—developing and established ones alike—is that the economic model for streaming needs to evolve… Under the current model, the critical contributions of too many artists, as well as the engagement of too many…
