The Musicians’ Union, The Ivors Academy and the #BrokenRecord Campaign welcome the recent “revolutionary” Digital Culture Media and Sport Select Committee Economics of music streaming report.
The report by a cross-party group of MPs follows joint the MU and The Ivors Academy campaign work calling on the Government to fix streaming, backed by thousands of musicians who signed a petition calling for a Government review.
It also comes a few weeks after the MU’s open letter to the Prime Minister, in partnership with Broken Record, calling on the Government to resolve issues with streaming services to enable artists to benefit financially from the various platforms.
The letter has been signed by 234 artists so far including Annie Lennox, Sir Paul McCartney, Rebecca Ferguson, Kate Bush, Jazzie B, Paloma Faith and Kano.
After years of arguing that the way streaming revenue is distributed is highly unfair to its members, the MU is “delighted that the DCMS Select Committee report has agreed that it needs a complete reset”.
The cross-party Select Committee of MPs have requested that artists, performers and songwriters, who currently receive “pitiful returns” are fairly rewarded for their work.
In particular, the report takes up the MU’s recommendations for the Government to legislate so that performers enjoy the right to equitable remuneration for streaming income, and for the Government to refer the case to the Competition and Markets Authority to undertake full market study into the economic impact of the major music groups’ dominance.
The report also warns of “deep concerns” about the unassailable position of the major music companies with a call for the Competition and Markets Authority to examine whether competition in the recorded music market is being distorted.
The MPs’ report found that comprehensive reform of legislation and further regulation is needed, not only to redress the balance for songwriters, performers and composers, but to tackle fundamental problems within the recorded music industry.
Together The Musicians’ Union, The Ivors Academy and the #BrokenRecord Campaign are calling for swift and robust action from the Government to implement the Select Committee’s recommendations. Members are encouraged to write to their MPs asking them to lobby the Government on their behalf.
The MU also supports Kevin Brennan MP’s Copyright Bill, which seeks to implement a package of copyright reforms to help put the value of music back in the hands of UK music makers. The Bill will receive its third reading in Parliament on December 3.