Merck Mercuriadis hits back at NMPA’s Israelite in open letter to industry

It’s worth repeating: the song is the currency of our business. Yet the songwriter — who delivers the most important component to the success of a record company, publisher, promoter, manager, agent, music venue, radio station, broadcaster et al – is the lowest paid person in the economic equation. An equation that has made the modern music industry a juggernaut.

Source: Merck Mercuriadis: ‘None of us should be able to sleep in good conscience at night until the true value of the songwriters’ contributions to this business are recognized.’