#UK Government Launches Inquiry Into Streaming Royalties
“#UK Government Launches Inquiry Into Streaming Royalties”
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.”
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