Two weeks ago, electronic musician Four Tet (Kieran Hebden) settled a legal dispute with Domino Records over a deal he signed with the label in 2001.
Domino paid Hebden 18% of his recording revenue on the streaming platform, but Hebden said that under the terms of the contract, he should receive 50%. A document posted by
Hebden on Twitter shows Domino's settlement offer, with the music company offering to pay a settlement of £56,921 and offering to pay "50% of royalties on all streaming and download revenue that Domino has not accounted for by Hebden" ".
Domino has been generating significant revenue behind the scenes, driven by strong library sales.
This independent label currently houses British rock stars Arctic Monkeys (Arctic Monkeys) and emerging indie music duo Wet Leg.
It is worth noting that Wet Leg's fame rose so quickly before the release of their first album that it has become fashionable for the media to rush to report on their rapid rise to fame. After all, many artists including Elton John, Iggy Pop, Florence Welch and others are vying to collaborate with them for their popular first single "Chaise Longue".
Domino’s UK turnover grew by 31.6%, from £15 million ($19 million) in 2020 to £19.8 million (about $27.2 million) in 2021, according to new filings with Companies House )(see below).
