UK opens inquiry into whether music streaming is fair for artists

guest · Oct 16, 2020

UK opens inquiry into whether music streaming is fair for artists
It could lead to reforms
October 15, 2020
https://www.engadget.com/uk-music-streaming-pay-inquiry-140638437.html

Even major artists have long claimed that music streaming services pay them a pittance, and the UK government now wants to look into those complaints.

The country’s Digital, Culture, Media and Sport Committee is launching an inquiry (via BBC News) this November to determine the “economic impact” streaming has on artists, labels, and the overall health of the music industry. It could lead to policy shifts that make for “more equitable” systems with better pay.

In addition to pay, the committee will look into the effects of algorithms and curated playlists on listening habits.
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It’s not certain that the inquiry will lead to any new regulations. However, the very act of starting an inquiry is significant. It could put pressure on services to boost royalties, tighten copy protection or change algorithms to better-expose upcoming artists.

There’s already at least some pressure. Artist have complained that even tens of thousands of listens can generate just a few dollars of income, and that they may take as little as 13 percent of that income where labels and publishers take the rest.
A shake-up might be necessary to make streaming sustainable in the long term, although that could lead to rate hikes for subscribers.
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Economics of music streaming

MPs will examine what economic impact music streaming is having on artists, record labels and the sustainability of the wider music industry.

With streaming currently accounting for more than half of the global music industry’s revenue, this inquiry will look at the business models operated by platforms such as Spotify, Apple Music, Amazon Music and Google Play. Music streaming in the UK brings in more than £1 billion in revenue with 114 billion music streams in the last year, however artists can be paid as little as 13% of the income generated.
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Rasheed187 · Oct 17, 2020

This is weird, I always thought that streaming was actually good for artists? Certain rappers in Holand have become millionaires because of streaming if I understood correctly.

roger_m · Oct 17, 2020

Rasheed187 said: ↑

This is weird, I always thought that streaming was actually good for artists?
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It is if their music is streamed a lot, otherwise no so much, due to small amount paid per stream.

Rasheed187 · Oct 24, 2020

roger_m said: ↑

It is if their music is streamed a lot, otherwise no so much, due to small amount paid per stream.
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OK, so probably that's why some of them became millionair, because I was talking about the most famous rappers. So yes, this must be changed, more money must go the musicians.

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