SPOT - EU Demands Fair Pay For Artists On Music Streaming Platforms Like Spotify Apple Music | Benzinga
The European Parliament has called for fair and sustainable rules in the music streaming industry.
In a resolution passed with strong support (532 votes to 61, with 33 abstentions), the Parliament urges the creation of EU regulations to tackle current imbalances in the sector.
See Also: Spotify Takes Aim At Low-Earning Tracks With New 1,000-Stream Minimum
MEPs are calling for a reevaluation of the current "pre-digital royalty rates," which they argue leave a significant number of creators with insufficient compensation.
The resolution condemns payola schemes that coerce authors into accepting lower or no revenues for increased visibility, stressing the necessity of revising these outdated payment ...