Sir Lucian Grainge, Chairman and CEO of Universal Music Group, has said the way music streaming services pay labels and artists today has to change. “There is a growing disconnect between, on the one hand, the devotion to those artists whom fans value and seek to support and, on the other, the way subscription fees are paid by the platforms. Under the current model, the critical contributions of too many artists, as well as the engagement of too many fans, are undervalued.”
Source: Sir Lucian Grainge: Music needs a new streaming payout model… and we’re working on it.