ABBA’s Björn Ulvaeus has said that the music industry today places “very little” value on songwriters.Speaking in the context of the ongoing streaming rates for musicians and writers, Ulvaeus said the industry placed little value on songwriters thanks to the low returns streaming brings.Speaking to Music Week, he added: “If there are 15 of them [songwriters] and one stream pays $000.something, they have to drive a taxi,” he said, joking that songwriting “teams” that are prevalent in the industry now would earn little in the way of royalties.“I would have become a civil engineer because I was going to be educated at university,” he added, saying if the rates were the same when he started writing, he would have not gone into.
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