Business

Streaming Inquiries: Spotify, Apple, and Amazon bosses defend the model but seem open to exploring change | Ent & Arts News

Spotify, Apple, and Amazon bosses have defended the music streaming model against a government survey investigating how revenue is shared, but agreed that it could “gather” as an industry exploring options.

The trio virtually appeared before the MP of the latest session of the Department for Digital, Culture, Media and Sports (DCMS) on the impact of streaming on Tuesday afternoon.

Artists such as Nile Rodgers and Elbow Guy Garvey, Radiohead Guitarist Ed O’Brien and singer-songwriter Nadine Shah Already giving evidenceSo are executives and representatives of licensing agencies of the UK’s “Big Three” major labels (Sony Music, Warner Music, Universal Music).

image:
Nile Rodgers is one of the artists who previously submitted evidence. Photo: John Nation / Star Max / IPx / AP

Amazon’s International Music Director, Horacio Gutierrez, Paul Firth, SpotifyElena Segal, Head of Global Affairs and Chief Legal Officer at Apple Inc, and Global Senior Director of Music Publishing at Apple Inc, asked questions about issues such as cost, competitors, potential alternative business models, piracy, and artist compensation. I answered.

Shah answered the question that he was having a hard time paying rent during the session because many musicians said he wasn’t paid enough for his work through streaming, but in a non-question interview Gary Numunan told Sky News He earned only £ 37 on a song that was streamed a million times..

One of the ideas MP proposes to businesses is a user-centered model. In this model, the more you listen to a particular artist, the more rewards you get.

During the session on Tuesday, when asked if he would be an “agnostic” if “various means of sharing revenue were found” as long as the platform maintained its share, Firth said: I answered like this. In fact, I think it’s time for the UK industry to come together and openly model and analyze what other distribution models look like. Amazon is happy to be part of it.

“I think it’s time to consider how other models work.”

Nadine Shah, whose album
image:
Nadine Shah is a candidate for the Mercury Prize

Asked if they were willing to work with him, Seagull said he was cautious and needed to go back to the details, but “yes, I think it’s certainly very interesting. It’s important to us. Needs a consensus among all licensors … Obviously, the only way to reach such a consensus is to get together as an industry. “

Gutierrez said Spotify is “open-minded and ready to explore and collaborate with others,” but there is a warning that every model needs to work globally and on a large scale.

After reading Shah’s comments from a previous hearing, Gutierrez asked how they made him feel.

“I’m sorry she feels that way, but I think there are some things that need to be clarified,” he said. “I don’t know what kind of contract she has with the label or publisher. I don’t know what the financial terms of the income split she might have contracted with the label.

“I know what we pay for, and we know that nearly 70% of all the pounds we generate are paid to those intermediaries on behalf of the artist. Based on our data. And I also know the number of artists recorded in the last four years. From a recording and publishing perspective, the catalog generated over $ 1 million a year, increased by over 82%, and generated over $ 100,000 a year. The number has increased by 79% over the last four years. “

Asked about finances, Gutierrez denied that Spotify sees music on the platform as one of the “softer costs” to “squeeze” for profitability.

Subscribe to the Backstage Podcast with :: Apple Podcasts, Google podcast, Spotify, Spreeker

Rapper talking about streaming revenue issues to Sky News prior to the latest session JustinThis week, the third album, “Conflicts of Interest,” will be ranked in the top three in the UK. “It’s very unfair, how much money can I get from one stream … I feel like I’m doing almost nothing.”

“It would be great if we could get together and break the fair treatment of all involved, the artists, the platform, and everyone involved.”

Band Gomez and Tom Gray of the Broken Record campaign told Sky News: “The responsibility lies with these big companies. Now they are home to listening to music and the future of audio. You can’t be a company with this. See the ethical and sustainable footprint of the community you’re involved in. Instead, point to the 21st century. “

Streaming Inquiries: Spotify, Apple, and Amazon bosses defend the model but seem open to exploring change | Ent & Arts News

Source link Streaming Inquiries: Spotify, Apple, and Amazon bosses defend the model but seem open to exploring change | Ent & Arts News

Back to top button
Close