Last FM Launches Royalty Program For Unsigned Bands
Something very cool happened last week in the world of Independent music. Last FM has launched their Artist Royalty Program. The self described “groundbreaking” program promises to pay royalties to unsigned artists.
Whether a Last FM listener chooses to stream music from a particular artist, or the song is randomly selected and recommended to listener by the Last FM engine, the artist will receive royalties.
Co-founder Martin Stiksel says, “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,”
Since announcing the launch of the program last january over 450,000 different tracks by unsigned artists have been uploaded into the Last FM library.
Tags: indie music, last fm, music, online music