UK Parliament Inquiry Recommends 'Complete Reset’ of Streaming Business

  • 📰 billboard
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A U.K. Parliament inquiry is calling for an overhaul of the streaming industry

calling for an “immediate government referral” of the multinational corporations that wield “extraordinary power” over the music business to the CMA.

By contrast, under the current “making available right” only the copyright owner receives payment, which it then shares with the artist according to the terms of their contract. Average royalty rates are typically set between 20% and 25% on new artist deals and far less on legacy contracts.The DCMS committee calls equitable remuneration “a simple yet effective solution to the problems caused by poor remuneration from music streaming.

The committee also calls for an end to the practice of distributing unattributed digital royalties -- so-called black box collections -- based on market share and, instead, recommends that collecting societies reinvest them back into the industry. One of the recurring topics raised during the inquiry’s hearing sessions was the issue of YouTube and how safe harbor copyright protections enable it to pay out only a fraction of what other streaming services pay rights holders.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The bots are done.

How much does the 'UK' pay 'per person' for 'streaming' once a month?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gender parity on UK company boards is not likely until 2036, research saysThe predicted year for gender parity on executive boards at these publicly-listed U.K. firms has gone up by four years to 2036, according to the research. horrible Buy $DRV don't pay rent or mortgage say act of God clause sue me like your insurance company
Source: CNBC - 🏆 12. / 72 Read more »