BBC reported. “Today’s musicians receive very little income from their performances — most featured artists receive tiny fractions of a US cent per stream and session musicians receive nothing at all,” the letter — which is also signed by Van Morrison, Paul McCartney, Jessie Ware, the estate of Joe Strummer, rapper Kano and the rock band Wolf Alice — goes on.
A fix to the situation would be simple, they write: “Only two words needs to change” in the 988 Copyright, Designs and Patents Act to require that streaming services pay musicians in an approximate way to how radio stations do.
Namely, it would enact what is known as equitable remuneration and cause royalties to be split evenly between label and artist. “Streaming is not radio.
Read more on nypost.com
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