Beatport’s Letter to Artists That They’re Freezing Payments
Last week Beatport opened up their streaming service for anyone to upload their tracks for free. This was followed by controversy over the reveal of artist’s only being paid 5% royalties for all profits made by Beatport on user’s tracks.
Now Beatport has announced in a letter that it will be freezing all payments to artists whilst it’s involved in a “going private” process.
Read the letter sent to all artists on Beatport below: