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Economics Of Streaming
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“Fundamental reform of music streaming” must come soon, say MPs
There must be “tangible steps to improve musicians’ remuneration and performer rights” in the next year, says a new report from MPs. Too many professional musicians are struggling to make ends meet says the UK Parliament’s Culture, Media & Sport Select Committee…
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ER report divides industry ahead of first meeting of remuneration working group
As part of its ongoing work on streaming, the UK government has published a report on the possible impact of applying performer equitable remuneration to streams. It’s one proposal for addressing concerns around artist remuneration that will be discussed by a new government-convened working group…
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Setlist Podcast: Universal and TikTok accuse each other of “bullying” and “greed”
The collapse of licensing talks between Universal Music and TikTok, UK Parliament's 'Misogyny In Music' report that calls for new legislation to end the cycle of harassment and abuse in the "boys' club" industry, and more…
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UK government publishes new UK streaming transparency code
Part of the UK government’s wider work on the economics of music streaming, a transparency code has been published which sees streaming services and music companies commit to provide more information to artists, songwriters and their managers about digital deals and royalties…
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IPO seeks industry and music-maker input on music metadata study
The UK’s Intellectual Property Office has commissioned a study on music metadata as part of its ongoing economics of streaming work and is seeking input from labels, publishers and music-makers…
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Deezer set to roll out Universal Music endorsed "artist centric" model to royalty payments in France next month
Deezer has announced that it will start using a new “artist-centric” system for allocating royalties in France next month, which will prioritise “professional artists” and “active engagement”, and exclude functional audio…
US Copyright Royalty Board reconfirms 15.1% streaming rate for songwriters and publishers
The CRB upheld an increase in streaming royalty rates from 10.5% to 15.1% for 2018-2022, despite appeals from most streaming services. Rates are reviewed every five years. The NMPA aims for a 20% rate for 2023-2028. Streaming services seek to limit financial commitment to under 70% of revenue.…
Spotify confirms launch in 85 new markets, plus new tools galore and high quality audio, in big announcements splurge
Ahead of Spotify's Chief Legal Officer appearing in front of MPs as part of the inquiry into the economics of streaming, Daniel Ek trotted out a bunch of impressive sounding stats at a Spotify event called Stream On…