Universal Music in Talks With Big Platforms to Overhaul Streaming Model

Discussion in 'Article Discussion' started by Melody Bot, Feb 2, 2023.

  1. Melody Bot Feb 2, 2023
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Financial Times:

    Universal Music Group is in talks with big streaming platforms to overhaul the industry’s economics and direct more money towards artists, according to people familiar with the matter. The shake-up, which stands to revolutionise the way musicians make money, comes as the world’s largest music company is increasingly concerned about the proliferation of songs on platforms such as Spotify, where 100,000 new tracks are being added each day.

    The industry is also contending with growing manipulation of the system, including using bots to inflate listening figures and the uploading of 31-second clips that are just long enough to qualify as a “play”.

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    JRGComedy likes this.
  2. thechetearly Feb 2, 2023
    thechetearly

    Regular

    Ugh these articles do so much lifting for these corporations. Universal is not going to overhaul shit unless it also fills their pockets exponentially more.
     
    artbynickferran and Raku like this.
  3. Brent Feb 2, 2023
    Brent

    Trusted Prestigious

    This just in... companies are always looking for year over year fiscal improvements.
     
  4. overduecollect Feb 2, 2023
    overduecollect

    I sell records here Supporter

    When they own the master recordings, then buy up the publishing and the songwriters side of royalties, that's when they start advocating for these things as if they're leveling the playing field. Maybe I'm just extra cynical as a former UMG employee, but it feels pretty blatant.
     
    Raku likes this.
  5. paythetab Feb 3, 2023
    paythetab

    Adam Grundy Supporter

    Agreed. There was a great article in the current issue of Rolling Stone about songwriters fighting for their fair share of revenue. Very disheartening to hear how little they receive.
     
    overduecollect, Raku and sawhney[rusted]2 like this.