Music: Streaming
The question
To ask the Secretary of State for Culture, Media and Sport, whether she has made an assessment of the potential merits of bringing forward legislative proposals on music streaming royalties with respect to a) the adequacy of renumeration for musicians and b) contract standardisation across the industry.
Answered by Ian Murray
Ensuring that music creators are fairly compensated for their work is crucial to the ongoing success of our world-class music industry, as this is what allows them to invest their time, effort, and money into creating music.
Through the Creator Remuneration Working Group, we collaborated on this matter with key industry stakeholders, including major and independent record labels and music creator representatives.
We were delighted to welcome the new label-led principles as an output of these discussions, including the commitment to provide legacy artists with further clarity on how they can seek and obtain contract renegotiation that appropriately remunerates them. The UK’s major labels have also launched bespoke packages to deliver benefits for UK creators.
The government has committed to monitoring and reviewing the impact of the label-led principles in one year’s time. At that point, we will assess the need for further intervention to ensure this package delivers on its objective to bring about real change.
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