from Hacker News

EU says music streaming platforms must pay artists more

by dataking on 1/19/24, 4:24 AM with 17 comments

• by happymellon on 1/19/24, 7:09 AM

  Don't these things keep coming up, and it turns out that all these artists actually go via a label, and this is just another deflection from the RIAA and equivalents.

  They made their first profit last quarter by having their own audiobooks and not needing to spend as much on music royalties.

  Spotify pays out 70% of revenue, and Wierd Al can't do maths.

• by MichaelMug on 1/19/24, 8:42 AM

  > MEPs believe that the current way royalties are distributed is unfair. Current algorithms favor major labels and artists when providing suggestions, making it more difficult for less popular and diverse genres to get exposure.

  The "algorithm" as in the recommendation system and curated playlists that are shown to users, or are we talking about the algorithm that makes up the royalty payments i.e. Spotify's "streamshare" approach?

• by WhereIsTheTruth on 1/19/24, 1:35 PM

  EU bend over to Apple against Spotify, yet Apple refuses to open up its store and reduce its 30% tax on EU companies

  The world is upside down! oops