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NEW YORK (Hypebot<\/a>) — Sony Music is promising its artists real-time royalty tracking and monthly payments starting this fall. The major music group will\u00a0 launch \u2018Real Time Royalties\u2019 and \u2018Cash Out\u2019 via its Artist Portal to \u201callow our artists and royalty participants to view and withdraw earnings faster than ever before.\u201d<\/p>\n

\n

\u00a0\u201cOnce launched, Real Time Royalties, available anytime, anywhere through the Sony Music Artist Portal, will\u2026 provide you immediate updates about your global royalty earnings and account balances as soon as we receive financial reporting from hundreds of digital distribution services on a monthly basis,\u201d the label said in a letter to artists today obtained by\u00a0MBW<\/a>.<\/p>\n

‘Cash Out’ will enable monthly withdrawal of royalties. \u201cThere are no fees and no charges to use Cash Out, and we will continue to issue payment of any remaining account balances that have not been withdrawn through Cash Out on our normal payment schedule,\u201d according to the letter.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (Hypebot) — Sony Music is promising its artists real-time royalty tracking and monthly payments starting this fall. 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