BMG to Review Historic Contracts for Racially Equitable Compensation

June 29, 2020 EcoVadis ‏‏‎

BMG has announced that it will re-assess all of its historic record contracts in a message sent to artists and their managers earlier this week, according to the trade publication Music Business Worldwide. In his dispatch through the company’s proprietary app, CEO Hartwig Masuch said the label will audit its contracts and will address any “inequities or anomalies” within 30 days. “Mindful of the music industry’s record of shameful treatment of black artists, we have begun a review of all historic record contracts,” he wrote.

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EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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