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New Music Streaming Bill Aims to Increase Streaming Royalties

Discussion in 'Article Discussion' started by Melody Bot, Mar 7, 2024.

  1. Melody Bot Mar 7, 2024
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Pitchfork:

    U.S. House representatives Rashida Tlaib and Jamaal Bowman have introduced to Congress a new bill aiming to boost streaming royalties for artists. The Living Wage for Musicians Act would create a new payment system, the Artist Compensation Royalty Fund, that circumvents record labels and other intermediaries, funneling listeners’ money directly to artists. Tlaib said in a statement, “Streaming has changed the music industry, but it’s leaving countless artists struggling to make ends meet behind. It’s only right that the people who create the music we love get their fair share, so that they can thrive, not just survive.”

    The funds would come from two sources: an added subscription fee (proposed as an extra half, with a $4 minimum and $10 maximum) and a 10 percent cut of streamers’ non-subscription revenue, from sources such as ads. The Union of Musicians and Allied Workers (UMAW) has long supported the bill, noting that streaming platforms are already planning price hikes, and the proposal ensures extra fees go to the artists themselves.

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  2. Ben Lee Mar 7, 2024
    Ben Lee

    I drink coffee and dad my kids Supporter

    If I’m reading that correctly, streaming services are (likely) going to increase their fee, but this legislation introduces another fee? And so the additional fee would be passed on to the consumer, but nothing really changes for the labels/streaming services?

    That sucks. I’m all for (and will pay) an additional fee but I’d rather see legislation targeting these labels that continue to find ways to cut into artists earnings with no reprimand.
     
    falafelmywaffle and Raku like this.
  3. silbersinger Mar 8, 2024
    silbersinger

    Newbie

    Am I reading this right? The proposal is a 50% tax on monthly subscriptions to music services for the customer and a 10% tax on subscription revenue from the companies?
     
    falafelmywaffle likes this.