MMF CEO: Opaque black box of song royalties needs to be transformed into glass box.

While songwriters should, in theory, be major beneficiaries of the shift to streaming (in the UK and Europe, song rights are allocated almost double the revenues from a stream than they received from a CD sale), in practice their revenues are reduced significantly by gross inefficiencies in our arcane and byzantine system of collection and distribution.

Source: ‘What is currently an opaque black box of song royalties, needs to be transformed into a glass box.’

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