The Rolling Stones, Tom Jones, urge UK to change streaming law

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London — Some of the music industry giants are asking the UK government to change the way musicians pay to stream songs online through platforms such as: Spotify And Apple musics.

The Rolling Stones and Tom Jones named among the 75 artists. letter We asked Prime Minister Boris Johnson to change the law on royalties paid from streaming.

Other new signatories include Pet Shop Boys, Yoko Ono, Van Morrison, Barry Gibb, Emeli Sandé and Jarvis Cocker. Currently, the total number of signatures is 227.

“Streaming is rapidly being replaced by radio as the primary means of music communication, but the law cannot keep up with the pace of technological change, and as a result performers and songwriters have the same protection as radio. I can’t receive it. “I read the letter.

“Today’s musicians make little money from their performances. Most featured artists receive only US $ 1 per stream, while session musicians receive nothing at all.”

Activists led by the Musicians Union, the Music Producer Guild, the Ivers Academy, and the #BrokenRecord initiative claim that songwriters are struggling as a result of multinational corporations exercising “extraordinary power.”

The tech giant, which operates and makes billions of pounds from streaming platforms, is now deciding how much money artists and record labels will receive when users stream songs.

But activists want the UK government to amend the 1988 copyright law so that streaming services pay artists in much the same way as radio stations. They basically stipulate the provisions of the code. It has been rewritten to require a fair reward (the amount to be paid to the artist each time a performance sound recording is broadcast to the public) applied to streaming.

“Songwriters make 50% of their radio revenue, but only 15% of their streaming,” the letter says. “In a truly free market, we believe this song will achieve greater value.”

Coldplay’s Chris Martin, Paloma Faith, Jessie Ware, Boy George, Bob Geldof, Kate Nash and Noel Gallagher also signed the letter.

The UK Department for Culture, Media and Sports is investigating how music streaming revenue is shared and whether this is done in a fair way. Mercury Prize-nominated Nadine Shah said she was forced to live with her parents because she couldn’t be financially independent with the money she earned from streaming.

Apple, Amazon, Google Spotify didn’t immediately respond to CNBC’s request for comment.

The Rolling Stones, Tom Jones, urge UK to change streaming law

Source link The Rolling Stones, Tom Jones, urge UK to change streaming law

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