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Covid crisis puts streaming under the spotlight

Covid crisis puts streaming under the spotlight
Covid has robbed artists of revenues from playing live, but the crisis is also highlighting their scant returns from streaming
Sir Paul McCartney made an unpalatable prediction for the music industry shortly before Christmas.
As ministers weighed tighter restrictions to wrest control of the pandemic, the Beatle due to headline this year's Glastonbury festival gave a bleak outlook for Europe's biggest live music event.
"100,000 people closely packed together with flags and no masks – you know, talk about super-spreader... I’d love it to [happen], but I have a feeling it’s not going to.”

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Hipgnosis boss: Music industry at risk from 'gluttonous' record labels : CityAM

Hipgnosis boss: Music industry at risk from ‘gluttonous’ record labels
Hipgnosis founder Merck Mercuriadis said there was not a "fair and equitably" split of music royalties (Getty Images for SXSW)
The music industry is under threat from “gluttonous” record labels taking royalties away from artists and songwriters, the boss of music investment firm Hipgnosis has said.
Merck Mercuriadis accused the major record companies of “trying to take everything for themselves”, warning that some artists were unable to survive off royalty income as a result.
“The biggest threat to the music business right now is not financial, it’s that it is discouraging the great artists of the past, present and future from being a part of this business because of the gluttonous tactics of the record companies,” he told

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UK Streaming Probe: Major Labels Scrutinized

The heads U.K. record labels put on a united front at a Parliamentary probe on Tuesday, denying artist claims that music streaming payouts are unfair.

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The harsh reality about the music business, and a pantomime led by clueless self-regarders.

The harsh reality about the music business, and a pantomime led by clueless self-regarders.
January 19, 2021
John Nicolson MP chose not to explore user-centric licensing at the DCMS Committee, at David Joseph's invitation. Instead, he suggested major record company heads should feel "ashamed"
Here it is. Amongst all the industry-wide debate over equitable streaming payouts, this has cracked it. Finally, a truly revolutionary idea that ensures an actual fair share of the billions of dollars Spotify makes goes to every artist.
For starters, let’s stop arguing about what royalty share record companies should take from their individual contracts with artists. Let’s just cut those suckers out altogether. You read right: let’s kill the majors! Nighty night you million-dollars-an-hour machines!

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Major labels warn 'disruption' to streaming could 'diminish UK competitiveness'

Major labels warn 'disruption' to streaming could 'diminish UK competitiveness'
pressandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandjournal.co.uk Daily Mail and Mail on Sunday newspapers.

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Classic bands accused of crowding out new music on streaming services

Up-and-coming pop stars are facing "massive competition" from bands like Queen, MPs have been told.

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Gary Numan: 'One of my songs got over a million streams - I got £37'

Gary Numan has told Sky News he received just £37 for a hit that had been streamed more than a million times, as an inquiry into the economics of digital music services continues.

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Streaming designed to benefit biggest music artists, says label boss

Universal’s UK head tells MPs services are not perfect, as it emerges it can take over 1m streams to make £1,000

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Major labels to give evidence in Parliament tomorrow about the economics of streaming

MPs are expected to examine how major labels benefit from platforms like Spotify
18.01.21
Top-level figures from Sony Music, Warner Music and Universal Music face questions tomorrow in the third session of an inquiry into the economics of music streaming.
MPs are expected to examine how major labels benefit from streaming and address issues that have led to calls for a review of streaming revenues to benefit a wider range of artists.
There will be two panels: the first at 10am features CEO of PRS for Music Andrea Martin and CEO of PPL UK Peter Leathem, while the second at 10:45am will hear evidence from Universal Music UK & Ireland CEO David Joseph, Sony Music UK & Ireland CEO Jason Iley and Warner Music UK CEO Tony Harlow.

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