— but the organization’s founders also say that it is just the first step in a music economy that has tilted against the people who create the very foundation of that economy: songs.
Streaming has created a song economy, making the song more important than ever, yet music publisher royalties are more than three times smaller than record label royalties They also believe that songwriters should be remunerated properly: 71% of music subscribers consider it important that streaming services pay songwriters fairly
Decline of traditional formats: Songwriters have long relied upon performance royalties from broadcast TV and radio. However, as the audiences on these platforms migrate towards on-demand alternatives, performance royalties face a long-term decline. Similarly, the continued fall in sales means fewer mechanical royalties for songwriters.
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