European Union demands streaming services increase royalty payments to artists
nme.comadopted a resolution to address the imbalance of revenue allocation in music streaming, including creating a new legal framework for streaming.
There are currently no EU rules that apply to the sector.In the resolution, “pre-digital royalty rates” are to be revised, with the EU criticising business models that “force authors to accept lower or no revenues in exchange for greater visibility”.They also proposed to “reflect on the possibility” of taking action against the “overwhelming amount” of music on streaming platforms.
A study published two days ago found that roughly a quarter of music on streaming services didn’t get played at all in 2023.
Legislation may therefore include quotas for “European musical works.”Furthermore, the EU called for better transparency of algorithmic and AI tools to avoid the manipulation of streaming figures (which is allegedly used to reduce artists’ fees).
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