Universal and two other #copyright cartels swallow 70-90 % of the royalties paid by #Spotify. It's not by chance.
https://www.thebignewsletter.com/p/how-record-labels-came-back-from
But by all means, let's focus our energy and rage on the small potato schemes which might have captured a few million dollars in royalties here and there.
Recent news about #Spotify aren't news at all; they were discussed in #copyright hearings back in 2020. If you control the #music catalogue, of course you'll play what costs you less. It's the entire reason #UMG has the valuation it has (huge catalogue of dead people). It's the stated business model of collecting societies like #Soundreef which sell ambient music. EU collecting societies knew back in 2017, and complained their catalogues were being demoted.
Attached: 1 image · Content warning: From birdsite
#Copyright landlord #UMG lost some 10 G€ in paper value today amid some pessimism about its ability to collect more rents. It remains priced approximately 42 G€ more than its value for society.
Whatever happened to article 19 of the #copyright directive 2019/790?
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32019L0790#d1e1613-92-1
Does anyone know any musician who actually receives «on a regular basis, at least once a year, [...] relevant and comprehensive information on the exploitation of their works and performances» on #YouTube, #Spotify, #AppleMusic and friends (or radio and TV, for that matter)?
The music industry (#UMG) boasts it's drowning in money thanks to #copyright and the internet. #Spotify never turned a profit.
https://www.theguardian.com/music/2021/sep/21/universal-chief-growth-digital-listening-boom-record-music-flotation-lucian-grainge
#ValueGap was a joke, #Article17 was never needed. #FixCopyright
«Spotify made just 4.42 € per user from its subscription business, and an additional 91 cents per user in advertising revenue. Facebook... $34.18 for each of its North American users».
https://www.bloomberg.com/opinion/articles/2020-05-20/spotify-signs-joe-rogan-becomes-more-like-netflix
Spotify shareholders be outraged, ask #EU law to close the #valuegap!
Abbonamenti alla musica in streaming: le etichette si pappano almeno dieci volte quanto vada agli artisti. Chiamalo, se vuoi, #valuegap.
Dai documenti sulla direttiva #copyright in Senato: http://www.senato.it/3710 (soprassediamo sulle percentuali errate di itsright).
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