The International Council of Creators of Music (CIAM) have published a new report calling for greater transparency surrounding the distribution of royalties from streaming services.
According to the CIAM’s Fair Compensation for Music Creators in the Digital Age report, the current revenue levels paid by music-streaming services to rightsholders, of between 60 and 70 percent, undervalue music.
The study calls for this percentage to be increased to 80 percent to ensure rightsholders are fairly renumerated.
The report also claims that the split of revenue from music streaming services is too much in favour of record labels and performers than songwriters and music publishers.
Professor Pierre-E. Lalonde, author of the study, said: ‘Without sufficiently supporting the very group of people who provide them with the creative content that drives their business, these streaming services may be undermining their future sustainability.
He continued: ‘A more equitable future lies in the application and acceptance of simple ethical practices by all who inhabit the music landscape - from creators to consumers and all those in between.’
The report was released by the International Council of Creators of Music (CIAM), with the support of the International Confederation of Societies of Authors and Composers (CISAC), Music Creators North America (MCNA) and the Society of Composers, Authors and Music Publishers of Canada (SOCAN).
Visit cisac.org for more information.
According to the CIAM’s Fair Compensation for Music Creators in the Digital Age report, the current revenue levels paid by music-streaming services to rightsholders, of between 60 and 70 percent, undervalue music.
The study calls for this percentage to be increased to 80 percent to ensure rightsholders are fairly renumerated.
The report also claims that the split of revenue from music streaming services is too much in favour of record labels and performers than songwriters and music publishers.
Professor Pierre-E. Lalonde, author of the study, said: ‘Without sufficiently supporting the very group of people who provide them with the creative content that drives their business, these streaming services may be undermining their future sustainability.
He continued: ‘A more equitable future lies in the application and acceptance of simple ethical practices by all who inhabit the music landscape - from creators to consumers and all those in between.’
The report was released by the International Council of Creators of Music (CIAM), with the support of the International Confederation of Societies of Authors and Composers (CISAC), Music Creators North America (MCNA) and the Society of Composers, Authors and Music Publishers of Canada (SOCAN).
Visit cisac.org for more information.
