Tag: SF Entertainment

Beatport Freezes Artist & Label Payments

Until its new parent company SFX Entertainment completes its “going private” process, Beatport has alerted artists and labels that it will not pay out its owed royalties over the past quarter. For larger labels this, seemingly temporary, issue may not play as a big deal, however for small labels, 3 months of income has now been suspended. As Beatport counts as nearly 90% of revenue for some labels, the quarterly non-payment is significant. As for Beatport itself, they remain confident that the suspension will be, “coming to an end in the next few weeks, at which time all payments will be able to be ... Read more