Warner Music Group becomes first major label to adopt fan-powered royalties system

Warner Music Group has become the first major label to adopt a fan-powered royalties system through which funds are distributed to acts based on how many individual users listen to their music.
The company is following in the footsteps of SoundCloud, who last year announced that it’d be the first music platform to direct the fees of its paying subscribers to the artists they stream.READ MORE: Streaming – what happens next? Artists demand “a shift in the way business is done&rdq