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Online Streaming - Songwriters get a larger cut


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Songwriters will get a larger cut of revenue from streaming services after a court handed technology companies a big defeat.

The Copyright Royalty Board ruled that songwriters will get at least a 15.1 percent share of streaming revenues over the next five years, from a previous 10.5 percent. That’s the largest rate increase in CRB history, according to a statement from the National Music Publishers’ Association.

Bloomberg has full details and sums it up as...

Artists’ share of revenue increased to 15.1% from 10.5%
‘Good day for songwriters,’ bad one for Spotify, Pandora

The decision is a major victory for songwriters, who have long complained they are insufficiently uncompensated by on-demand music services like Spotify and YouTube. Streaming services account for the largest share of music industry sales in the U.S., while global streaming sales jumped 60 percent in 2016, according to the IFPI.  

full news item here

https://www.bloomberg.com/news/articles/2018-01-27/songwriters-score-victory-over-streaming-services-with-pay-hike

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