UK To Investigate Spotify, Apple Music Payments
The UK Parliament has announced that it will investigate the economic impact that music streaming is having on artists, record labels and “the sustainability of the wider music industry.”
The #BrokenRecord campaign in the UK has been calling on the government to take action on the issue for the last several months.
“artists can be paid as little as 13%”
“With streaming currently accounting for more than half of the global music industry’s revenue, this inquiry will look at the business models operated by platforms such as Spotify, Apple Music, Amazon Music and Google Play,” reads the brief. ” Music streaming in the UK brings in more than £1 billion in revenue with 114 billion music streams in the last year, however, artists can be paid as little as 13% of the income generated.”
The Committee will also look at whether the government should be taking action to protect the industry from piracy following recent actions taken by the EU on copyright and intellectual property rights.