Last.fm Starts An 'Artist Royalty Program'
July 9, 2008 at 9:05 AM (PT)
LAST.FM has launched an "Artist Royalty Program." The program gives unsigned and independent artists the opportunity to accrue royalties from their music direct from LAST.FM, every time their tracks are listened to on the site.
The service marks the first time that musicians and bands not affiliated with a label or royalty collection agency can collect revenue direct from a free streaming music platform. Unsigned and independent artists can sign up for the program when they upload their music to LAST.FM, and earn revenue direct from the Web site when their tracks are played free-on-demand, or on LAST.FM's streaming radio, or both.
LAST.FM Co-Founder MARTIN STIKSEL said, "This is a big day for independent artists. We're leveling the playing field by offering them the same opportunities as established bands to make money from their music. The young musician making music in a bedroom studio has the same chance as the latest major label signing to use Last.fm to build an audience and get rewarded. The Artist Royalty Program is another revolutionary step towards helping musicians take control of their music -- and, more importantly, make a living from it."