EPM to advance Beatport Label Payments

You may by now be aware of the current situation at Beatport.

A memo sent by Beatport (published here by Resident Advisor) – reveals that the company won’t be able to make its latest payments to record companies whose downloads it sold in the second quarter of this year, because the “going private process” (SFX boss Robert Sillerman is trying to buy back the company and put it back into private hands) has “trapped certain earned label payments”.

Although the memo says it hopes the whole process will be completed in a few weeks, after which outstanding payments can be made, in the time being, EPM will advance these payments to all our label partners whilst the current situation is resolved.

“As a digital distributor, publisher and fellow underground dance music label we understand only too well of the reliance on these payments to keep everyone’s label running where cashflow is often tight. Whilst we advance these payments to our label partners, Beatport remains a key sales platform for everyone in the dance music community and we look forward to them being back on track in the very near future.”

Jonas Stone
Director of PR & Promotions
EPM

EPM
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EPM
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 +1 310 623 7644
EPM
NETHERLANDS
Capucijnenstr. 21-C03
6200 AE Maastricht
The Netherlands

+31 43 321 7581
+31 43 201 0819
EPM
UNITED KINGDOM

141 Framfield Road
London W7 1NQ
U.K.

+44 20 8566 0200
EPM
GERMANY

Mittenwalder Str. 44
10961 Berlin
Germany

+49 30 899 935 83
EPM Music USA LLC
UNITED STATES
4470 W Sunset Blvd #441,
Los Angeles, CA 90027
USA

 +1 310 623 7644