The independent is the first established music company to pay its talent in the cryptocurrency.
Prescription Songs, the independent music publisher founded by Dr. Luke (a.k.a. Lukasz Gottwald), announced Thursday (April 1) that it will allow its roster of songwriters and producers the option of receiving royalty payments in Bitcoin, making it the first established music company to do so. To facilitate the payments, the publisher has partnered with BitPay, a leading provider of Bitcoin and cryptocurrency payment services.
"Prescription Songs has always been an industry leader providing the best services to our songwriters, producers and artists. Some of our creators asked about being paid in Bitcoin so we wanted to get ahead of the pack and provide that service,” said Dr. Luke in a statement. “BitPay is such a powerhouse in Bitcoin. I’m excited to work with them in the music space.”