Jon Platt Jem Aswad-Senior Entertainment stage Music Publishing Jon Platt Jem Aswad-Senior

Sony Music Publishing to Waive Unrecouped Debts for Heritage Artists

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variety.com

Jem Aswad Senior Music EditorA month after Sony Music Entertainment announced that it will waive unrecouped debts for artists who signed with the company before 2000, its publishing company has joined the program as well.

The program, part of a larger effort called Artists Forward, means that eligible artists who had not recouped their advances and/or other expenses will now receive royalties that previously had gone toward paying down those expenses.Sony Music Publishing chairman/CEO Jon Platt writes in a letter titled “Legacy Unrecouped Balance Program”:Dear Songwriters,Today, I am pleased to share that we are launching Songwriters Forward, an initiative designed to expand our support of careers at every stage.

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