Hipgnosis CEO Merck Mercuriadis, whose fund invests in publishing rights and would benefit from higher payouts, says he already has hundreds of songwriters on board for a guild he’s planning similar to Hollywood’s Writers Guild of America. “There’s no secret the songwriter is the worst-paid person in the equation,” says Mercuriadis. “No negotiation should ever take place that affects how a songwriter is paid that doesn’t have the songwriter represented in the negotiation.”
Source: Songwriters Organize New Guild to Take Bigger Piece of Streaming Pie