Expect industry bodies and rightsholders to seize upon a report by US non-profit organisation the Phoenix Center, which claims to have put a number to the financial cost to the music industry of current safe harbour legislation.
Its study claims that “market-based royalties for subscription-based services are about eight-times larger than that paid by YouTube”, and tries to work out how much revenue would be generated if the DMCA legislation was amended in a way that led to YouTube paying higher royalties.
“Using 2015 data, we find that that a plausible royalty rate increase could produce increased royalty revenues in the US of $650 million to over one billion dollars a year,” claims the report.
YouTube and rightsholders alike will be poring over the methodology in the Phoenix Center’s policy bulletin, which you can read in full here.
As with any report weighing in to this topic, we’d like to know more about the members and funders of the organisation that published it (something that applies as much to studies backing the other side of the safe-harbour debate), but it is food for thought nonetheless.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…