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UK Parliament calls for 50/50 streaming royalties split between artists and record labels

In an attempt to ensure fair pay for musicians, UK parliament members are asking the music industry to give artists a higher cut of profits earned from streaming services like Apple Music and Spotify.United Kingdom government officials are looking to change the way musicians get paid, citing concerns over how streaming funds are distributed. The government had launched the inquiry into streaming service payouts in October of 2020.According to the BBC, Spotify pays artists between GBP 0.002 ($0.0028) and GBP 0.0038 ($0.0053) per stream. Apple Music pays about GBP 0.0059 ($0.0082.) YouTube pays even less — about GBP 0.00052 ($0.00072) per stream. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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