“A federal copyright board has raised the music streaming royalties for songwriters and music publishers by more than 40% to narrow the financial divide separating them from recording labels.
Up to this point, music streaming platforms like Apple Music, Spotify, Amazon Music Unlimited, Pandora, and others, have had to pay out 10.5 percent of their revenue to music publishers and songwriters. Now, though, after the court ruling, those platforms will need to fork over 15.1 percent of their revenue.
It is still amazing to me how little artists get paid for streaming. While this is a step forward … it is a long way from being fair. Afterall, people complain about the Tax on the app store at 30% – and yet a tax of 90% being reduced to 85% percent for music makes the news and is seen as acceptable.
What am I missing?
This is a little bit of an experiment by the chaps. Let's see how it goes. The post originally appeared at John.Philpin.com and through the magic of the interwebs it appears here. Enjoy. Also ... if you want to browse all the other posts that have appeared here through this mechanism Click Here