2024-01-21 15:45:33
Kultur Spotify & Co.
How the EU wants to regulate music streaming
As of: 9:16 a.m. | Reading time: 2 minutes
According to Spotify alone, it serves more than 570 million listeners
Quelle: picture alliance / Anadolu
The fact that streaming providers like Spotify do not pay the majority of creative artists appropriately and prefer stars puts millions of musicians at risk. Now the EU Parliament is calling for a law for more justice. Do the MPs even understand streaming?
The Parliament of the European Union in Strasbourg met and recorded in writing: The music business has changed fundamentally. Anyone who publishes music today via streaming services is hardly paid appropriately anymore. Only a minority are still paid decently for it. The MPs are demanding in a majority decision Resolution“to eliminate the imbalance in the distribution of revenue from the music streaming market.”
However, this legally non-binding resolution should not remain the same. A law must be drafted that requires streaming providers to no longer keep their algorithms secret and to make them fairer. Compositions using artificial intelligence should also be marked.
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The EU has a lot planned again. Not only because AI is already part of the usual instruments when making music and is rarely misused to falsify something or violate rights. Streaming itself, as the most successful business model of the 21st century, is also difficult to regulate. Simply because there is no “streaming” at all, but rather all sorts of providers with all sorts of accounts and offers.
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According to Spotify alone, it serves more than 570 million listeners. Only Apple and Amazon know how many people use Amazon and Apple. The algorithms by which songs are rated and recommended, which in turn affects royalties, may seem like secret knowledge. But what would be gained if they were open? Few.
As we know, Spotify only takes tracks listened to more than 1,000 times into account in its payouts. It is known that musicians do not receive their money from the platforms, but through their record companies with which they negotiate contracts. But perhaps EU parliamentarians are less concerned with the music in microeconomic business. Resolution sounds great.
#Spotify #Apple #Amazon #regulate #music #streaming