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Apple Music Starts $50 Million COVID-19 Advance Fund for Indie Labels

Jason Tate

Rolling Stone:

Apple Music is the latest company to offer industry relief amid the coronavirus pandemic. It told independent record labels Tuesday that it is launching a $50 million advance royalty fund to make sure their artists get paid.

According to a letter sent to the labels and obtained by Rolling Stone, independent labels that earn at least $10,000 in quarterly Apple Music earnings will qualify for the royalty advances. To qualify, the indie labels must have a direct Apple Music distribution deal.

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New Found Glory – “Shook by Your Shaved Head”

New Found Glory
Jason Tate

New Found Glory have debuted the new song “Shook by Your Shaved Head” and the band talked with Spin about the upcoming album:

I think what’s really cool about having 9 or 10 albums is that we’ve never been this free as a band. There’s no pressure to try to accomplish anything or reinvent the world, so we’re able to be exactly who we are because we’ve been appreciated by our fans for so long. When we read a comment from a fan and they’re like ‘This sucks!’ It’s like ‘Well, you’ve got another 9 albums, and there’ll probably be another one in 2 years.’

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