The Musicians’ Union (MU) has urged major record labels to actively engage in negotiations to ensure fair remuneration for music creators in the streaming economy. This appeal follows the UK government’s reaffirmed support for the Creator Remuneration Working Group, which aims to address the disparities in income distribution among artists, labels, and platforms. The MU emphasizes the urgency of achieving fair contracts and guaranteed royalties for musicians while advocating for voluntary solutions before potential legislative actions.

Summary

Proposed Reforms:usic Industry Past recommendations include equitable remuneration rights and the ability to revise outdated contracts, but studies have raised concerns about the feasibility of these legislative measures.

Call for Action by Major Labels: MU General Secretary Naomi Pohl has urged record labels to propose compromises that address longstanding inequities in streaming income distribution.

Government and Industry Dynamics: The UK government supports the working group process for industry-led solutions but reserves the option for legislative interventions if needed.

Click here to view original web page at completemusicupdate.com