MPs are to investigate the impact that music streaming is having on artists, record labels and the sustainability of the music industry. The Commons digital, culture, media and sport select committee will examine the business models of major streaming companies such as Spotify, Apple Music, Amazon Music and Google Play to determine their fairness towards the writers and performers whose material populates the platforms. Committee chair, MP Julian Knight, said it would look at whether “the economics of streaming could in future limit the range of artists and music that we’re all able to enjoy today”, describing the algorithms that promote music discovery on these platforms as a “blunt tool to operate in a creative industry with emerging talent risking failing the first hurdle”. Music streaming in the UK brings in more than £1bn a year in revenue. “However, artists can be paid as little as 13% of the income generated,” a statement said. Spotify is thought to pay between £0.002 and £0.0038 per stream. Apple Music pays about £0.0059. Musician Tom Gray launched the #BrokenRecord campaign earlier this year, calling for a government inquiry into streaming. He called the committee’s announcement “HUGE NEWS!!!!!!” A YouGov survey commissioned by the… Read full this story
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