2016: A Year of Progress For Music

  • leaves artists, songwriters and labels with little control over the monetization of their work;
  • results in royalty rates that are tiny fractions of a penny per stream;
  • threatens to undermine the potential for further growth from subscription services, which is what is powering the positive news about the business;
  • imperils the $4.5 billion that record labels spend globally on discovering, investing in and promoting artists;
  • jeopardizes the digital innovation and entrepreneurialism that’s revolutionizing music for consumers; and
  • takes money directly out of the paychecks of thousands of artists and songwriters.

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