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MPs call for 'complete reset' of music streaming to ensure fair pay for artists


BBC News
By Mark Savage
image captionEd Sheeran is currently the most-streamed artist in the UK, with his comeback single Bad Habits
The music industry is weighted against artists, with even successful pop stars seeing pitiful returns from streaming, a committee of MPs has said.
They are 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%.
The findings came after a six-month inquiry into music streaming.
While streaming has brought significant profits to the recorded music industry, the talent behind it - performers, songwriters and composers - are losing out, said Julian Knight, MP, who chairs parliament s Digital, Culture, Media and Sport (DCMS) committee. ....

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