Music Videos Are Coming To Amazon Music Unlimited
Amazon Music Unlimited is reportedly adding music videos to its paid subscription music streaming service.
Music Ally has seen a ‘direct license amendment’ email sent to licensors on behalf of Amazon by rights management company Music Reports that suggests a launch within weeks.
The email states that “in addition to its full catalog of audio content, Amazon is excited to offer customers that subscribe to the Service access to view music videos (where available) in addition to their favorite audio tracks, later this year.”
The videos will not include user-generated content.
$8 Million In Advances
$8 million in advances will be paid on a pro-rata basis based on usage in 2019 to those that sign up by the end of the year, according to the email.
The email also laid out songwriter royalties: “Royalties for audio and music video will be calculated using the then-current statutory rate structure; however, a 35% uplift will be applied specifically to music video plays, which will be incremental to the payable royalty pool.”