SAG-AFTRA and a consortium of recording industry players, including Sony, Warner affiliates, Universal, Capitol and Hollywood Records, have announced a tentative deal that, if passed, will include a payment formula for online streaming and non-permanent digital downloads that accounts for revenue generated outside the U.S.. Among new provisions is an agreement to make payments based on earnings worldwide from streaming services and non permanent download services like Spotify, Tidal, and Rdio.
The new agreement will be known as SAG-AFTRA National Code of Fair Practice for Sound Recordings (or, the “Sound Recordings Code”), and will cover session singers, royalty artists, announcers, actors, comedians, narrators and sound effects artists, and will cover recordings in all new and traditional media and all music formats, as well as audiobooks, comedy albums and cast albums, as well as major record labels and sub-labels, and signatory independent record labels. The new contract will cover the period from Jan. 1, 2015, through and including Dec. 31, 2017.
The agreement now proceeds to SAG-AFTRA’s membership for ratification.