There was a ruling handed down recently that changes the rate given to songwriters by streaming services. Over the next 5 years songwriters should see a jump in royalties of almost 44%. Now that sounds great, and it definitely is better that a slap on the @ss, but in reality streaming services are still using the products of music creators with out proper or fair compensation. MORE HERE
As an example: I have a very modest streaming presence; but when I received my royalty statements from the entities charged with their collection my compensation would have totaled about .18 cents. 18 CENTS. I have a stack of paper from 2017 - NOI - or Notices Of Intent (to distribute) serve notice of the compulsory licenses that streaming services are required to obtain in order to legally stream my (or anyone's) music. These NOIs detail who purchased the license, what song(s) were licensed and the expected distribution date. My songs were streamed hundreds of times last year for those 18 cents. Even I can do the math here, and can make the comparison of revenue streams had everyone who streamed one of my songs purchased a record.
I know the reality of music consumption today is streaming. But until royalty rates accurately reflect the value that the creator of the music deserves, the single best way to support an artist is to buy his or her work, or buy a ticket to their show.
From the House Of Strays, we wish you a great week....
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