General

#UK Government Launches Inquiry Into Streaming Royalties

#UK Government Launches Inquiry Into Streaming Royalties

The British government has launched an inquiry into the music streaming model and its impact on artists and labels. Following pressure from the #BrokenRecord campaign, a committee of lawmakers will convene to investigate whether platforms such as Spotify and Apple Music are fairly redistributing their revenue, which amounted to more than £1 billion ($1.29 billion) last year. The committee has invited people working across the music industry to submit evidence before November 16. 

The committee chair, Julian Knight, said the success of streaming “cannot come at the expense of talented and lesser-known artists. Algorithms might benefit platforms in maximising income from streaming but they are a blunt tool to operate in a creative industry,” harming emerging artists in particular. The committee will also consider whether, in the future, the model will “limit the range of artists and music that we’re all able to enjoy today,” Knight said.

In the UK, Spotify is currently believed to pay £1 (about $1.29) for every 250-500 streams, while Apple Music pays the same amount for roughly 170 streams. Revenue is divided between various rights-holders, with as little as 13 percent going to artists. A recent survey commissioned by #BrokenRecord suggests the vast majority of British adults believe streaming revenues are unfairly weighted to benefit streaming services, and that artists are not paid enough. 

Read Pitchfork’s feature on “How Musicians Are Fighting for Streaming Pay During the Pandemic.”

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our General category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!