According to the Broken Record campaign, artists receive about 16 per cent of the income from streams, while record companies take about 41 per cent and streaming services 29 per cent.
The committee heard that while musicians were struggling the biggest record labels — Universal, Sony and Warner — were making record profits.
Many musicians are lobbying for streaming platforms to employ an Equitable Renumeration system, which is used to cover royalties due from music played on radio and gives a roughly 50-50 split between artists and labels.
Great. Let’s do it.
Altho’ someone should point out to the musicians. Radio only pays songwriters, there’s no payment to acts or musicians. Streaming pays songwriters and musicians……
If you aren’t numerate, you can’t be renumerated.
Since on wonders what renumeration is (including the spell checker), one has to wonder what ‘Equitable Renumeration’ is.
And ‘struggling’ is a journalist word of no meaning.
Hmm, there’s a distinct lack in there of looking at where the costs lie. With a radio station, they are bearing their own costs: DJs, bandwidth, enormous great valves (probably not) etc. So the payment to the music producing elements is absent these.
Running a competent streaming service isn’t cheap. Okay the record companies appear to be making out like bandits but when has that not been so? And, as they’re the people who sign these deals, why would you expect them not to do that.
I suppose being a musician has got more e
Also, never heard of Shah or Elbow. Nor, until this, of who played guitar for Radiohead.
e …
Expensive since all you had to worry about was whisky (or whiskey if you preferred), coke & groupies. And the odd hotel room damage charge.
OK recording companies charge a fee for use of studio, musicians pay for DVD production, pay for advertising and promotion. Then set up and pay for the Internet platform to stream their music. Then the record companies and streaming companies won’t need royalties.
That would explain why no young boy (or gal) wants to be in popular music any more.
“Nadine Shah, a Mercury Prize-nominated musician whose new album was hailed yesterday as one of the best of the year, told MPs that she did not make enough money from streaming platforms to “keep the wolf from the door”.”
There’s 70+ years of pop/rock music and new technology stopped appearing about 25 years ago, which means you can’t even do like 80s synth bands or mid-90s hip-hop and make something that sounds like nothing before. It’s massively oversaturated, and everyone can listen to almost everything from Minnie the Moocher to WAP.
Why is someone going to listen to you over Led Zep, ABBA, Carole King, Rihanna, Elvis, Beatles, Ramones, Kate Bush, Take That, Muse, The Coors or anything else that they have a click of a button away? She sounds like 2nd rate Siouxsie and the Banshees. Plus, there’s more and more people writing songs as a hobby for beer money who don’t care about a living.
https://www.reedsmith.com/en/perspectives/2019/11/warner-and-sony-vs-tunein-high-court-mutes-the-radio-star
I was surprised that this court action by Warner and Sony didn’t get more publicity. They are defending their product with considerable success. Annoying for people who liked to listen to US radio stations online.
Record companies making record profits – for the record, eh?
Went on to TuneIn on my amp the other day – none of my saved stations were playing. After some head scratching realised it was the record companies screwing everyone over, again.
But yes, internet radio, like hip hop of yesteryear, is now borked by copyright issues. Thanks Sony!
Bloke on M4 November 25, 2020 at 2:33 pm
“Nadine Shah, a Mercury Prize-nominated musician whose new album was hailed yesterday as one of the best of the year, told MPs that she did not make enough money from streaming platforms to “keep the wolf from the door”.”
If only. We could do with some wolves. Jackals are not native to Europe. It seems wolves do not like the competition and kill them on sight. The illegal immigrant Eurasian Jackal has now made it to Belgium. They have been spreading from the Middle East for some time. Lots of food. No wolves at the door.
Why is someone going to listen to you over Led Zep, ABBA, Carole King, Rihanna, Elvis, Beatles, Ramones, Kate Bush, Take That, Muse, The Coors or anything else that they have a click of a button away? She sounds like 2nd rate Siouxsie and the Banshees.
Hmmm. Anyone care to guess BoM4’s age? How many Millennials have heard of Kate Bush? Not even as a relative of the former President.
Personally I always thought that Siouxsie and the Banshees sounded a lot like a second rate Siouxsie and the Banshees.