An inquiry in the UK is peaking under the hood of the music business

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The hearings are painting a dire portrait of the music business, where value of recorded music has plummeted and some well-known musicians are struggling to pay their rent.

For Apple Music, another major platform, the estimate is between $US0.007 and $US0.008. Apple Music did not respond to a request for comment., or about $AUD0.0089. But again, only a portion of that goes to the artist, depending on their record deal.Spotify notes that it does not pay artists directly but instead pays rights holders — labels and publishers — and, as it told Australian MPs in 2019, is "not privy to the details of the agreements between those parties".

"And then you pay them back from your small, small percentage," Gray said — commonly about 20 per cent of the royalties from streaming. "One artist might want a huge advance and be prepared to do life-of-copyright; another one will choose to take more royalties and would prefer to do a licence," Sony Music UK chief executive Jason IleyBut Universal Music UK chief executive David Joseph said. "an average advance deal, which is 90 per cent of deals … average between 20 per cent and 25 per cent artist royalty".

Services operate on a pool model — all the money from all subscribers goes into a big bucket and is then carved up according to streaming rates.

 

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I remember when the ABC used to be the 'go to' place for correct spelling and grammar🤦‍♂️

Our spell checks, are suffering from a virus. It changes words after proof read, upon ' reply' button push. UNION MEMBERS, ENTERTAINERS COLLECTIVE. organize and lead us with not for profit, A. I. management out of shonky CrownedEgos based exploitation. the_tuc JillDandoNews

‘Peeking’

The least you could do is SPELL this right! It’s PEEKING!

ABC— shouldn’t this be ‘peeking’?

peeking* C'mon ABC, you can do better than this.

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