![]() SoundCloud also claims that, on average, independent artists are now earning 60% more through Fan-Powered Royalties than they would have been had they stuck with the traditional pro-rata model. These stats include the fact that 135,000 independent artists are now getting paid through FPR, which marks a 30% growth in the volume of artists who have signed up to monetize their music via FPR on the platform since it launched in early 2021. The deal also builds on the relationship between The Weeknd and UMG’s Republic Records, which has been his label partner since 2012.Įlsewhere, SoundCloud revealed a series of updated stats about its Fan-Powered Royalties (FPR) system this week. Also this week, Universal Music Group (UMG) struck an expansive and long-term partnership with The Weeknd.Īs part of the agreement, Universal Music Publishing Group will administer The Weeknd’s songwriting catalog and all his future works.
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