Following an investigation lasting a semester and the conclusions of which were reported by theBBC, members of the British Parliament point the finger at the music industry as being particularly unfavorable to artists. Thus, where the labels would share 42% of the pie in the United Kingdom, only 13% of the revenue from listening would go directly into the pockets of the producers (to be distinguished from the eponymous term in the cinema world).
Streaming applications, for their part, would be second best off with almost a third of the total. Amazon Prime, Tidal, Apple Music and even Spotify are among the most popular in 2021. But as the figures show, it is the majors that would benefit the most from this disparity, so much so that the House of Commons wants to crack down.
Where do streaming revenues land? © BBC
Consider equality?
As reported by the country's leading media, Big Ben simply wishes “reset” the current framework, by better distributing the benefits provided by the different distribution channels. More concretely, we are talking here about 736.5 million pounds - the equivalent of more than 860 million euros - which according to them should be half returned to artists. As for the rest, it is therefore the labels, the streaming platforms but also the organizations responsible for taxing content (equivalent to SACEM) which would be entitled to it.
Several renowned musicians have already taken the opportunity to assert their right of reply. Thus, Mick Jagger (The Rolling Stones), Paul McCartney (The Beatles) and even guitarist Nile Rodgers support the approach. According to the latter, the problem would also be essential because even producers with several million streams would continue to be financially harmed today.
Concurrence
If Apple Music pays on average £0.0059 per listen (or around 0.0069 euros), this number is far from being reached by all the other players in the market. So,according to a recent study, it would be twice as much as Spotify. As for YouTube, the Google app would be satisfied with a paltry £0.00052 per stream. Difficult with such prices to create new successes without the help of advanced marketing strategies…
