Believe CEO accuses major labels of lobbying DSPs to lower royalty rates for DIY artists

Are the major record companies trying to pressure music streaming services to pay DIY artists lower royalty rates than those received by established superstars? According to Believe boss Denis Ladegaillerie, yes, they are. He claims that certain majors are pushing for this change because “they’ve been consistently losing market share for the past five years” due to the volume of releases coming out via DIY platforms.

Source: Believe CEO accuses major record companies of lobbying streaming platforms to lower royalty rates for DIY artists

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