Last.fm will pay to artists too!

This image (click to enlarge) is a screenshot I just took from Last.fm's Music Manager, the place where labels and artists manage their accounts. It is all about the new features they are doing in this music social network, which they call "Free the Music", and that you can read about in http://blog.last.fm/2008/01/23/free-the-music.

Basicly, a lot (heck, virtually every) music on Last.fm will be fully-streamable (major labels tracls will be too!), and artists will directly get ads revenue when their music is streamed (somewhat like Reverbnation's deal). Cool! Read the blog post for more details.

UPDATE:

Here's the numbers, taken from the agreement:

7.4 Last.fm shall pay the following royalties in respect of the transmission of Your Content as permitted by You:

· for the free radio service, 10% of the Share of Last.fm’s Net Revenue from the free radio service.

· for the personalised premium radio service, the greater of 10% of the Share of Last.fm’s Net Revenue from the personalised radio service or US $0.0005 for each complete transmission on the personalised radio service of a track which forms part of Your Content transmitted on the Last.fm service.

· for the free on-demand service, 30% of the Share of Last.fm’s Net Revenue from the free on-demand service.

· for the premium on-demand service, the greater of 30% of the Share of Last.fm’s Net Revenue from the premium on-demand service or US $0.005 for each complete transmission on the prepaid or subscription on-demand service of a track which forms part of Your Content transmitted on the Last.fm service.

and

7.8 The minimum royalty amount payable pursuant to Clause 7.9 is either US $10.00, £5.00, €7.00 or ¥1000 depending on your local currency (the “Minimum Royalty”). Where the amount in any given month does not amount to the Minimum Royalty, the sums due to You shall accrue until the amount owing is at least the Minimum Royalty.

A lot more official info at http://www.last.fm/forum/6666/_/371603.