‘Covid-19 Is A Watershed Moment’: How Musicians Are Waging A War On Streaming Platforms From Lockdown

Technology
KT Tunstall has called streaming platforms royalties 'criminally wrong' and backs the campaign.

“You’ve probably heard how bad streaming is before,” sighs Tom Gray of Mercury Prize-winning band Gomez. “That’s why I called this campaign #BrokenRecord.”

Lockdown has been financially challenging for most of us, but musicians have had it disproportionately bad. After losing the ability to perform live in front of audiences, (although on their live stream and the resulting VOD, or through our Super Chat and Super Stickers features.

“We pay the music industry the majority of the revenue generated on their music content on YouTubeYouTube spokesperson

They added: “We pay the music industry the majority of the revenue generated on their music content on YouTube, paying rates that are on par with the rest of the industry across both the advertising and subscription businesses.”

Spotify couldn’t offer a comment around the specific campaigns but did offer a statement which read: “The vast majority of revenue generated on Spotify is paid out to rights holders, including labels, publishing companies, and distributors.

“To date, we’ve paid out €15billion+. By connecting more creators and listeners, and leveraging the strength of our global reach, Spotify is helping fuel the growth of the music industry overall, which just experienced its fifth straight year of growth.”

The spokesperson also directed HuffPost UK readers to this Spotify for Artists article.

The #brokenrecord listening party takes place online and begins at 6pm on Sunday May 24th.

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Source:: The Huffington Post – UK Tec

      

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