Sources: Spotify offers several hundred thousand dollar advances and 50/50 per stream revenue share to music managers and indie acts for direct licensing (Hannah Karp/Billboard)

Hannah Karp / Billboard:
Sources: Spotify offers several hundred thousand dollar advances and 50/50 per stream revenue share to music managers and indie acts for direct licensing  —  Spotify has offered advances to a number of managers and indie acts in exchange for licensing their music directly to the streaming service, sources tell Billboard.

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