Forum Moderators: not2easy
The latest record industry middleman takes more than ever from the mouths of musicians, at least compared with the old record industry middleman.
Head of the recording industry trade group BPI Geoff Taylor says that video music consumption rose by 50 per cent, but revenue only rose by 0.5 per cent.
Taylor contrasted this with a 70 per cent increase in revenue from Apple and Spotify. His speech was the latest to highlight the “value gap” between what should be paid out for the music, and what actually ends up in the pockets of musicians, songwriters, performers, publishers and music investors.
The BPI boss yesterday told delegates at Canadian Music Week: “The rising flow of royalties that should be nurturing artists and labels has slowed to a trickle, as platforms that rely on safe harbours use consumer demand for our music to grow their own businesses at the expense of creators.”
