The report on music-industry transparency earlier this week from the Rethink Music initiative has been welcomed by US industry body the RIAA – but it also has some issues with some of the report’s claims. First, the good: “Many of the report’s recommendations are principles we share and support. For example, we believe all creators should be paid fair market rates, regardless of platform.
All creators should be able to get authoritative information about how their works have been used and compensated. And all of us in the music ecosystem should be working together to improve industry data and infrastructure,” claimed the RIAA in a statement. The less good? The RIAA claims that some of the report’s claims are “flawed” including its attack on non-disclosure agreements – which it suggests ignores antitrust laws preventing labels from revealing more about their licensing deals. The RIAA is also, unsurprisingly, less than happy with Rethink Music’s claim that 20-50% of royalties are not reaching the people who deserve them.