From Bloomberg
Songwriters will get a larger cut of revenue from streaming services after a court handed technology companies a big defeat.Read more: https://www.bloomberg.com/news/articles/2018-01-27/songwriters-score-victory-over-streaming-services-with-pay-hikeThe Copyright Royalty Board ruled that songwriters will get at least a 15.1 percent share of streaming revenues over the next five years, from a previous 10.5 percent. That’s the largest rate increase in CRB history, according to a statement from the National Music Publishers’ Association.
The decision is a major victory for songwriters, who have long complained they are insufficiently uncompensated by on-demand music services like Spotify and YouTube. Streaming services account for the largest share of music industry sales in the U.S., while global streaming sales jumped 60 percent in 2016, according to the IFPI.
Well you should expect to see prices go up and I assume a rise in piracy too as some will be priced out by the new fee structure.
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Nice and helpfull post...
Tnxs for sharing it with us
This is a good news for all the songwriters but I would say the increase in payment should be extended to all quality video providers. The Youtube has recently tightened its noose around those who use spammy ways to get revenues but on the other hand they should also increase the amount of money for the users who provide quality content.
How do you mean exactly? You're definitely right about the youtube, but how do you think the shift for music could happen with video revenues? I thought they a bit thinner for music, but I'm not sure.
Sweet motivation for aspiring songwriters #waytogo
That's a big bucket of radness for some of us.