Beatport Only Paying 5% Royalties On New User Streaming Service
Earlier today Electronic Music store, Beatport, introduced the ability for anyone to upload their EDM tracks to their streaming service for free.
As promising an introduction as this is, it is revealed in Beatports terms and conditions that content creators will only receive 5% of the amount Beatport receives from every stream of their track.
It’s not just users streaming for free who seem to be getting shorted though as creators who upload Mixes to be sold by Beatport on the Beatport Pro Store will only recieve 10% of royalties made on their Mix’s sales.
Beatport’s new service looked to rival the electronic music community on SoundCloud with it’s similar model but with original content creators receiving 10% or less on their music this could be the dealbreaker that makes or breaks Beatports service.
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