One-time payments on future royalties are available to labels and distributors that earn over $100,000 per quarter and have direct deals with the streaming service.
Apple Music has created a $50 million advance fund to help independent labels and distributors weather the downturn due to coronavirus, industry sources tell Billboard.
The funds will be available through a one-time advanced payment on future royalties for labels and distributors that earn over $100,000 in quarterly revenue from Apple Music.
Labels and distributors must have a direct distribution deal with Apple Music and thus cannot be distributed by major labels.