A “Complete Reset” Of Music Streaming


UK MPs (Members of Parliament) released a report calling for a “complete reset” of the market, with musicians given a “fair share” of the £736.5 million that UK record labels earn from streaming. In a report, they said royalties should be split 50/50, instead of the current rate, where artists receive about 16%.Obviously, there is a legal battle forming here from “old” contracts entered in the golden age of CDs and copy and pasted to the age of streaming.
Do not mistake Sony Music new Artist Forward initiative that is designed to ignore the unrecouped balance that an artist signed before the year 2000 might owe the company from advances.
It has nothing to do with the signed contractual agreement giving the artist 16% instead of 50% of royalties income…
Royalties are paid based on contractual agreements often entered long before the days of streaming. Royalties payment will continue to be small as long as those legal contracts are in play.
The reboot is long overdue.
Isn’t it time to concentrate on making the royalties flow more efficient and at the same time look at the tremendous potential in other parts of the world?
NIM and Copyright Flow have the technology to make it happen with up to 60% more royalty payments, 26 million times faster

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