Economics of music streaming: has there been a ‘reset’?
On 12 December 2023, the UK Parliament’s Culture, Media and Sport Committee held its second non-inquiry session into creator remuneration.
The topic is familiar to the DCMS Committee, who examined it as part of an inquiry into the Economics of music streaming, which resulted in a Report calling for a ‘complete reset’ of streaming in order to move away from a ‘label centric’ model. The Government responded by accepting most of the Committee’s recommendations and described the Report as a ‘key moment for the music industry’. This December session dovetails the Committee’s exploration of remuneration issues in the Economics of music streaming inquiry, focusing on the specific issues faced by songwriters and composers.
