Jem Aswad Senior Music EditorIn a significant development in the battle over streaming royalties, veteran electronic musician Four Tet has settled his dispute with U.K.-based Domino Recordings and will receive an unusually high 50% royalty rate for streaming and downloads on songs covered in a 2001 contract, according to a report in Music Week.
The musician, whose real name is Kieron Hebden, also has been reimbursed for an underpayment of £56,921, plus interest.While the terms of the deal have been publicly disclosed, the fact that it was settled out of court means that it cannot be cited as a judgement in other cases.
However, the settlement is significant in that it finds a large independent record label treating streaming income as a license rather than sale, and could be used as a precedent in such disputes in other ways, not least as an inspiration for other musicians to make a similar stand.
A rep for Domino did not immediately respond to Variety‘s request for comment.At the core of the long and complicated case was Hebden and his legal team arguing for a 50% rate for streams and digital downloads, which pre-dated and were not covered in his 2001 contract.
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