With stunning serendipity, on the same day the IFPI (see above) published a blog on streaming rates for labels and artists, German publishers issued a call for a greater share of this income. Three separate societies – DKV (representing composers), DTV (lyricists) and DMV (music publishers) – have issued a joint statement to demand that streaming revenue is split 50/50 between labels on one side and writers/publishers on the other.
Dr. Rolf Budde (let’s just pause for a moment and drink in the overpowering incredibleness of that name…), the president of DMV, said that, based on payments on the ad-supported tier of Spotify, labels are getting eight times more than publishers in Germany. “This is absolutely disproportionate, and is unfair to the authors and publishers,” he said. “For us the pricing per stream is dramatically low. For example, in order to match the value of a download for one song, it has to be streamed 25 times although it is the same production every time. This doesn’t make sense.” The organisations are adamant their rates should be markedly increased (referring to existing rates as an “injustice and lack of fairness”). How or if the labels, especially given the arguments outlined in Frances Moore’s blog about them being the primary investors in talent, respond is a whole other kessel der fische.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…