The Fix Streaming campaign aims to create a fairer deal for musicians and music creators. Photo: © CMM.
This week, the Council of Music Makers (CMM) hosted a dinner in Parliament to discuss a number of issues including the campaign to fix streaming, Artificial Intelligence (AI) and ticket resale.
The Union would like to thank the members of the Culture, Media and Sport Select Committee who attended, and all the MPs helping to make music streaming work for music makers.
It comes at a crucial point in the Creator Remuneration Working Group negotiations on streaming, and follows the release of a new campaign video that shows the UK public is on the side of musicians and music creators.
Watch the video on Instagram, TikTok and YouTube.
Many contracts are outdated and unfair
Music streaming revenue is distributed roughly as follows:
- 30% streaming platform
- 55% record label
- 15% music publisher.
The record label will pay signed artists according to their contracts. However, the Union considers many of these contracts outdated and unfair.
Explore how music streaming royalties are split – and why some musicians receive nothing at all – in our explainer by MU General Secretary Naomi Pohl.
Together we can fix streaming
The MU is currently sitting around the table with major labels, Council of Music Makers and industry stakeholders, as part of the government-convened Creator Remuneration Working Group.
Its purpose is to bring the music industry together to come to a better deal for musicians and music creators – with legislation on the cards if no agreement is reached.
Learn more about how the music industry can fix streaming at this free Fix Streaming webinar on Tuesday 25 February, hosted by the Council of Music Makers.