The world-renowned guitarist of Led Zeppelin, Jimmy Page, asks streaming companies to go over the royalty rates currently given to artists.
Jimmy Page took to his Instagram to post his thoughts and views about the subject, and what outcome he would like to see in regards to it.
Page's post went as follows; "Having recently viewed the Select Committee for Music Streaming on 24 November 2020 I feel compelled to write this letter.
I fully appreciate the dilemma surrounding streaming royalties that should be rightfully paid to all musicians and writers who made the music." Page continues, "The sooner the streaming companies can make fair payments to all musicians whose music is played on or viewed via the internet, and to pay fair royalties to those who give us great pleasure from those who are exploiting it, the better.
Jimmy Page OBE"
Check out the Instagram post below:
Loudersound.com reported some details on the situation, stating: "In a submission to the DCMS Select Committee, the Ivors Academy of Music Creators called on the British government to implement stricter regulations on how record labels manage artists on streaming services.
It asked that copyright laws be changed to ensure writers and performers are paid more for their work and called for a reform of how data relating to streaming music is recorded, to safeguard the rights of creators.
Following last week’s news of Bob Dylan selling his entire songwriting catalogue, fellow singer/songwriter legend David Crosby declared his own intention to sell off his copyright, claiming that streaming services have 'stolen his record money.'"
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Written by Steve Knudsen
(special thanks to loudersound.com )
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