Ariana Grande to get only 10 percent royalty for ‘7 rings’
By Bryan Durham - March 20, 2019
Ariana Grande may be sitting pretty on top of the charts worldwide, but the singer will only receive 10 % of songwriting royalties.
Rodgers & Hammerstein, who originally created ‘My Favourite Things for ‘The Sound Of Music’ stand to receive 90% of songwriting credit on Grande’s 7 rings, which has spent six weeks atop Billboard’s Hot 100 chart and has been streamed more than a billion times worldwide.
According to the New York Times, Grande’s label Republic Records, struck a deal with Concord, the publishing company that owns Rodgers and Hammerstein’s catalog, a while before the release of Grande’s Thank u, next album that features 7 rings.
The report also states that Concord, the label that handles the catalog of Rodgers & Hammerstein requested 90 percent of 7 rings, and Grande’s team accepted the terms without ANY further negotiation.
Looks like Concord has been minting money on this! Smart move…>