News Music Industry 16/12/2015

As The Future Of Music Streaming Is Decided, Americans Say That Labels And Industry Groups Should Get Smaller Piece Of Revenue Pie

As The Future Of Music Streaming Is Decided, Americans Say That Labels And Industry Groups Should Get Smaller Piece Of Revenue Pie

Subscribe to our news via Email. Enter your email address:

Service handled via Google Feedburner.
Your e-mail address will not be shared with anyone

New York, NY (Top40 Charts/ CALinnovates) As the Copyright Royalty Board prepares to weigh in on the future of online music royalty rates, by a 4-1 ratio Americans think that labels and industry groups should get a smaller piece of the revenue pie according to a new CALinnovates survey.

The survey of 1,092 Americans found that 53 percent believe that "labels and industry groups should get a smaller slice of the pie so the artists and streaming companies can make a living." That is compared to only 12 percent of Americans who said, "streaming companies should be forced to pay more so that the labels and industry groups can keep their share."

At stake with the pending Copyright Royalty Board is how revenues from online music should be divvied up. Music labels and performing rights organizations have argued that streaming companies should have to pay more, while others have argued that the labels and industry groups should loosen their hold on the industry so that streaming companies can continue to innovate, which will benefit the entire music ecosystem.

One thing is clear: Americans want to see songwriters and artists get paid. 78 percent said musicians should make the most money from the sale of streaming music. They also put the labels and industry groups last in the order of priority: only 9 percent believe they should make the most money from streaming music.

"It's time to shake up the status quo and break the hold that the labels and PROs have on the music industry. Taking that brave step will spark even greater innovation that not only gives music lovers more choices, but also energizes a dynamic creative industry that is at the heart of the American culture and economy," said Mike Montgomery, executive director of CALinnovates. "Keep in mind that streaming is still a relatively new industry with new technologies, and rates should reflect that. Hiking rates will only trim already thin margins, which will discourage the investments that spur innovation and music's virtuous cycle."

CALinnovates serves as a bridge between the thriving and fast paced technology communities based in California and the slower moving but equally important public policy communities in Sacramento and Washington, DC.

Most read news of the week
Today's Pop Stars Add New Chestnuts To ASCAP's Holiday Song Canon
Donica Knight Scores Bullseye With Chris Kyle American Sniper Shootout VIP Performance
Fanny Lu Graces December Cover Of LatinTRENDS Magazine
2-Time Grammy-Nominated Singer Is Slated To Bring Her Chart-Busting, Foot-Stompin', Bad Girl Anthem "Exs & Ohs" To The Dinah
The Blues Foundation Announces 37th Blues Music Award Nominees
Indie Recording Artist Luanne Hunt Lands On Two "Best Of Holiday Songs" Lists With Taylor Swift, Carrie Underwood, Reba McEntire And Others
JD & The Straight Shot's All-Acoustic 'Ballyhoo!' Out January 15, 2016
Lively Is Reinventing The Rules Of Rap With New Single Release
Alternative Jazz Adventurer Matt Von Roderick Boldly Embarks On A Transcendent "Hero's Journey"
Luxley To Release Debut 'Spirit' Ep In 2016: "Camera Lens" Premieres On Line Of Best Fit
Michael Jackson's 'Thriller' Is The First Album Certified RIAA 30x Multi-Platinum!
Howard Maple Releases New Album 'The Lucid Dreamer'
Duane A. Sikes Productions Releases 62nd Film "Magical Mystery Cure"
The Tips Announce New Album & Share 'Birds In Trees' Video (Ft. Benji Webbe / Skindred)
Siri Music Group Signs New Label Partnership With Caroline A Division Of Capital Music Group

© 2001-2018 (S4)
about | advertise | site map
contact | privacy
Page gen. in 0.8262081 secs // 4 () queries in 0.0069510936737061 secs
Members Area
Latest charts