Spotify should pay musicians more? Let’s talk more about how
Posted on: 5 mai 2020, by : Stuart Dredge

Earlier this week, we covered the IFPI’s latest figures for global recorded music revenues, which grew by 8.2% in 2019. Artist rights group the Future of Music Coalition made an important point when it shared our story on Twitter.
It’s true. In 2019 the recorded music industry enjoyed its fifth consecutive year of growth, taking it nearly back to its 2004 level. Meanwhile, outside the recorded sector, publishers are also seeing their revenues grow, while collecting societies are regularly breaking their records for payouts.
All of this is being driven by streaming (and particularly by paid streaming subscriptions), yet this growth is accompanied by a resurgence in unrest from the musicians whose work has made that growth possible. Many are worried that streaming royalties aren’t providing a sustainable income.
The contrast between these fears and the rosy industry figures is sharpened now, during the Covid-19 pandemic, with the live music industry having shut down entirely in many countries, with an anticipated hit to public performance royalties to come.
The post Spotify should pay musicians more? Let’s talk more about how appeared first on Music Ally.
Source: Music ally

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