The music industry is weighted against artists, with even successful pop stars seeing “pitiful returns” from streaming, a committee of MPs has said. They are calling for a “complete reset” of the market, with musicians given a “fair share” of the £736.5 million that UK record labels earn from streaming. In a report, they said royalties should be split 50/50, instead of the current rate, where artists receive about 16%.
Source: MPs call for complete reset of music streaming to ensure fair pay for artists