Reset on:
MUSICIANS are making a “pitiful” amount of money from streaming their work online, MPs have said as they called for artists to receive a fairer share of revenues.
There should be a “complete reset” of the streaming market, according to the digital, culture, media and sport (DCMS) committee.
Acting committee chairman Damian Green said that he and his fellow MPs had heard that the majority of musicians and songwriters have “frustrations” with the earnings they receive from music.
He said: “Too many of them receive pitiful returns despite making successful music. The main players need to get together to remedy this in a sustainable way.”
In a report, Economics of Music Streaming, the MPs call for working groups on remuneration and performers’ rights to be set up.
A government DCMS spokesman said: “We are committed to ensuring that musicians and songwriters are paid fairly for their work.
“We are exploring issues relating to artist pay as part of our programme of work on music streaming and are currently considering the contents of this report.”
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