Congress VS Spotify: A Bill To Help Musicians Survive

Members of Congress have presented the Living Wage for Musicians Act to help combat low streaming payouts from Spotify, who made $3.7 Billion profit in 2023. Congress VS Spotify: A Bill To Help Musicians Survive. #Spotify #Congress Please Like, Comment, and Subscribe! = https://www.youtube.com/@RockedNet Please check out more of our videos below: 10 GOOD Songs By BAD Bands (Part 2) = https://youtu.be/2R7GvUazl3M 2024 Rock Hall Nominess Are Ridiculous = https://youtu.be/-O-4qQzOM5g 10 BAD Songs By GOOD Bands (Part 2) = https://youtu.be/gI-BO2N4dIc 10 TERRIBLE Punk Goes... Covers = https://youtu.be/xm6k1g92Huk “A new bill designed to increase streaming payouts for artists was introduced in the U.S. House of Representatives on Wednesday (Mar. 6). Titled the Living Wage for Musicians Act, the legislation proposes the establishment of a new royalty fund that would pay artists directly, bypassing labels altogether. Introduced by Reps. Rashida Tlaib (D-Mich.) and Jamaal Bowman (D-N.Y.), the bill aims to boost artists’ streaming royalty from fractions of a penny up to one penny per stream by way of the new fund. It proposes to fund the additional royalty payments, in part, by mandating the addition of a fee to every streaming subscription equal to 50% of the subscription price — an amount that would be set anywhere between $4 and $10. The bill would also establish a royalty cap for tracks that generate at least 1 million streams per month, with royalties generated by the tracks beyond that number to be divided among all artists.” (Steve Knopper, Billboard) “A new bill designed to increase streaming payouts for artists was introduced in the U.S. House of Representatives on Wednesday (Mar. 6). Titled the Living Wage for Musicians Act, the legislation proposes the establishment of a new royalty fund that would pay artists directly, bypassing labels altogether. Introduced by Reps. Rashida Tlaib (D-Mich.) and Jamaal Bowman (D-N.Y.), the bill aims to boost artists’ streaming royalty from fractions of a penny up to one penny per stream by way of the new fund. It proposes to fund the additional royalty payments, in part, by mandating the addition of a fee to every streaming subscription equal to 50% of the subscription price — an amount that would be set anywhere between $4 and $10. The bill would also establish a royalty cap for tracks that generate at least 1 million streams per month, with royalties generated by the tracks beyond that number to be divided among all artists.” (Steve Knopper, Billboard)“The Living Wage for Musicians Act would tax providers’ non-subscription revenues and add a small fee to the price of music streaming subscriptions. DSPs like Spotify offering interactive music streaming services would pass their taxed revenues and royalties to a non-profit collection and distribution fund, that would in turn pay artists in proportion to their monthly streams. The bill includes a maximum payout per track, per month, in order to generate more sustainable income for a broader and more diverse set of artists beyond the world’s most popular performers. […] By creating a fund that directly compensates recording artists and musicians, the bill will allow vastly more artists to achieve a living wage from music, enabling them to pay rent, raise a family, buy a home, and invest in their future.” (Derrick Rossignol, UPROXX) Rocked memberships help the channel a ton. Join this channel to get access to perks: https://www.youtube.com/channel/UC3LYgICaEsWVtMUILA8bOpQ/join Video Intro by InfinityOnHannah Title Cards by Andy Rocketeer ___________________ DISCLAIMER - Copyright Disclaimer Under Section 107 of the Copyright Act of 1976, allowance is made for "fair use" for purpose such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statue that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. ___ Congress VS Spotify: A Bill To Help Musicians Survive