Last.fm has introduced a royalty scheme for unsigned acts, offering independent artists the chance to accrue royalties from Last.fm each time their track is listened to through the site.
Unsigned and independent artists can sign up for the program when they upload their music to Last.fm, and earn revenue when their tracks are played free-on-demand, or on Last.fm’s streaming radio, or both.
Martin Stiksel, Last.fm co-founder, told Distorted Loop: “This is a big day for independent artists. We’re leveling the playing field by offering them the same opportunities as established bands to make money from their music. "
The move is one of several digital initiatives from Last.fm as the company positions itself to clean-up in the mu
