Most authors and performers currently receive very low pay given the music streaming market. The European Parliament wants to reform the streaming music market, UNN reports with reference to Deutschlandfunk.
Details
The distribution of revenues from the streaming music market currently leads to the majority of authors and performers living on very low incomes, MEPs condemned on Wednesday.
The European Parliament proposes that remuneration should be regulated more strictly: a draft EU law should oblige platforms to make their algorithms and recommendation tools transparent.
In a (non-binding) resolution adopted by 532 votes to 61, with 33 abstentions, the elected representatives insist on creating a legal framework for the music streaming sector.
In addition, MEPs propose labeling songs created by artificial intelligence (AI). They also refer to studies that show that revenues from the streaming business primarily benefit major labels and individual popular artists.
Recall
The global volume of streaming music grew to 7.1 trillion in 2023; on-demand audio streams reached a record 4 trillion, up 33.7% year-on-year.
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