Songwriters Slam Unfair Streaming Payments in Sadly Hilarious New Video — but Will Anything Change?
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variety.comJem Aswad Executive Editor, Music One of the saddest ironies in the music world is the fact that songwriters are at the very bottom of the streaming economy.
While there’s no question that streaming, and Spotify in particular, saved the music business after 15 years of financial freefall, the jury is still out on who exactly was saved.
Major music companies are enjoying record profits, as are many superstar artists — but many others further down the income scale, and especially songwriters, have been left behind by the streaming payment model.
To vastly oversimplify the problem: Streaming generates a fraction of the money that physical music products like CDs and vinyl do.
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