Warner records scraps unrecouped debts for heritage artists

Warner Music Group has today (February 1) announced that it will be scrapping any unrecouped debt for artists who signed to the label before the year 2000.
The move follows Sony Music’s announcement last year that it would begin to pay royalties from streaming and other revenue streams to thousands of artists who signed deals with the label before 2000 and were yet to recoup their advances.
WMG, the world’s third largest music rights company, issued a statement confirming it would be