Sony Music Publishing has announced the creation of Songwriters Forward, an initiative that will waive any unrecouped balances when determining earnings for SMP songwriters who were signed prior to 2000 and have not accepted any advances since then.
The announcement follows the June launch by Rob Stringer and Sony Music of Artists Forward, a similar program for the label's legacy recording acts.
In a note to stakeholders, SMP’s Chairman/CEO Jon Platt said: “With historic policy changes across our business, we are taking important steps toward creating a more equitable, transparent music industry for songwriters and all creators. On behalf of our teams around the world, it is our privilege to represent you.”
![]() It's the U.K. equivalent of July 4 fireworks. (7/1a)
UMG ACQUIRES ALL THINGS ZAPPA
Who's gonna "Freak Out" over this acquisition? (7/1a)
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SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
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