Music executive Dapper Damm has denied allegations that he sold the music catalogues of artists signed to his label.
In a statement addressing the controversy surrounding the label, Dapper insisted that none of the artists’ catalogues had been sold to a distributor, third party or any other entity.
He also clarified the revenue figures being circulated online, explaining that the amounts reported represent gross catalogue earnings and not the final sums payable to the artists.
According to him, streaming platforms and distributors deduct their respective shares before other expenses and investments made by the label are recovered.
Dapper further claimed that the label invested more in some of its artists than the revenue their catalogues generated, leaving certain balances yet to be recouped.
Music executive Dapper Damm has denied allegations that he sold the music catalogues of artists signed to his label.
In a statement addressing the controversy surrounding the label, Dapper insisted that none of the artists’ catalogues had been sold to a distributor, third party or any other entity.
He also clarified the revenue figures being circulated online, explaining that the amounts reported represent gross catalogue earnings and not the final sums payable to the artists.
According to him, streaming platforms and distributors deduct their respective shares before other expenses and investments made by the label are recovered.
Dapper further claimed that the label invested more in some of its artists than the revenue their catalogues generated, leaving certain balances yet to be recouped.
