By Mathieu Pollet, Politico | Music streaming platforms like Spotify should brace themselves for a fresh round of scrutiny. A key lawmaker in the European Parliament’s culture committee wants to make streaming giants better remunerate and give more visibility to European music creators and artists.
“There is a loophole in our regulation. We need to fill it,” Social-democratic Spanish lawmaker Iban García del Blanco said in an interview. He is drafting a report that he promises will be “intrusive in this market” because “it is the most unbalanced sub-sector of the cultural sector at the moment.”
The European Parliament’s move to call out Spotify and its peers highlights the frustrations of singers, artists and performers that they have been left in the cold by EU rulemakers, as streaming giants increasingly took over the industry in past years.
The Spanish lawmaker backed calls to better distribute revenue from leading streaming platforms to the industry’s creators. García hopes his report — while non-binding — will compel the European Commission to fix the problem.
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Read the rest of the article here – or listen to it on their AI player/interpreter!
https://www.politico.eu/article/lawmakers-side-with-artists-to-push-spotify-on-pay-transparency/
[Thanks to Alex Teitz for contributing this article! http://www.femmusic.com]
June 22, 2023| Music-Related Business| Barb Dye