![]() And since streaming now accounts for more than half the economic activity in the recording business, according to the RIAA’s recap of 2016 revenue, it’s a significant issue for writers and publishers. ![]() Songwriters do quite well when they have hits, thanks to the royalties that radio stations pay to the performance rights organizations - ASCAP, BMI and SESAC - but those same hits generate far fewer earnings for writers through streaming. While artists and record companies, who hold the rights to the actual sound recordings of songs, have a certain amount of flexibility in negotiating prices and usage of their music, songwriters and publishers have many of their royalties regulated by the government and receive only a fraction of the artists’ rate in many key formats, particularly digital sales and streaming. Songwriters’ profession is overseen by copyright laws that were created mostly before the Internet’s existence. Much of the storyline in The Last Songwriter will be familiar to most music industry observers. ![]()
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