The artist's newly unveiled contract with Republic Records and UMG boasts an impressively negotiated non-recoupable artist payout from Spotify shares.

It feels like just yesterday that the&nbsp;young 15-year-old country singer signed to the Nashville-based Big Machine Records.&nbsp;Well, world, ICYMI <a href="https://www.lofficielusa.com/music/a-taylor-swift-fan-reviews-her-reputation-tour" target="_blank">Taylor Swift</a> is all grown up now and, 13 years and&nbsp;6 albums later, the artist has officially flown the nest. &quot;It&#39;s so thrilling to me that they, and the UMG team, will be my label family moving forward,&quot; Swift <a href="https://www.instagram.com/p/BqXgDJBlz7d/" target="_blank">announced</a>&nbsp;of&nbsp;her brand new&nbsp;joint deal with Republic Records&nbsp;and Universal Music Group.

Indeed, the artist has a lot to celebrate. Though the complete terms of the contract have yet to be&nbsp;released, a vital clause&nbsp;is sure to make a change not only in her career but in the music industry as a whole:&nbsp;Any sale of UMG&#39;s shares in&nbsp;newly-public Spotify must result in a non-recoupable payout to the label&#39;s artists.&nbsp;

&nbsp;

Swift&#39;s new contract comes in light of years of championing for artists&#39; rights&nbsp;in the face of on-demand music streaming platforms. As positively disruptive as these new technologies have been to independent&nbsp;artists, to&nbsp;us the&nbsp;consumers and&nbsp;to the record labels who are still finding ways to maintain their position in the industry&#39;s value chain,&nbsp;it is no secret that artists have not always been given full compensation for their efforts. While there&#39;s still a long way to go, Swift&#39;s contract repositions&nbsp;artists where they belong (i.e.&nbsp;at the heart of label-platform&nbsp;deals and, more generally, at the heard of the music business).

In&nbsp;Taylor Swift&#39;s own&nbsp;words: &quot;It&#39;s really important to me to see eye to eye with a label regarding the future of our industry [...]&nbsp;I feel strongly that streaming was founded on and continues to thrive based on the magic created by artists, writers and producers.&quot;

 Taylor Swift Is Winning the Fight for Fairer Artist Treatment

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Taylor Swift Is Winning the Fight for Fairer Artist Treatment

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