New streaming 'transparency' in France

Universal, Sony and Warner have agreed to a new government-approved ‘code’ in France which sees them commit to new levels of transparency and “the fair sharing of value from the exploitation of music online”. The was deal announced the country’s Minister for Culture, Fleur Pellerin. The code will mean more clarity over the sharing of multi-million dollar advances from services such as YouTube, as well as the equity stakes that the majors own in digital platforms. Universal, Sony and Warner are believed to own around 15%-20% of equity in Spotify between them.

http://www.musicbusinessworldwide.com/now-major-labels-agree-improved-artist-streaming-deal-france/