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Image Credit - BBC[/caption]
Some secret masterminds behind popular songs are driving Ubers. The biggest songwriters from the UK have taken a switch from their career and start to drive Ubers daily in the country so that they can earn some money.
The music industry is at a pause, so popular lyricists like Fiona Bevan has found an alternative opportunity to make ends meet.
Fiona Bevan is a successful songwriter who has written songs for many sensational British artists like One Direction, Steps and Lewis Capaldi thinks that the problem has arrived because of the huge hike of royalties on streaming services.
She received just £100 as a co-writer after bestowing lyrics to a new song on kylie Minogue's number one album, Disco.
She said without hesitation that the most successful songwriters not only in the UK but in the world failed miserably to pay regular rents.
She has witnessed a shameful reality where the songwriters are not getting what they worth. She adds, "Right now, hit songwriters are driving Ubers. It's quite shameful."
MPs confirmed the degraded situation among the world-class musicians, acknowledging that Chic's Nile Rodgers and saxophonist Soweto Kinch are having the same issues. MPs heard about the problem from music managers Maria Forte and Kwame Kwaten as well.
Nile Rodgers revealed that he never had to look into his streaming income until COVID-19 ruined every scope of earning from live music. He never had to fend for online streams because his tour revenue was more than enough to support his entire generation.
The aftermath of the global crisis has stunned him. Looking at the real picture of the music industry, he was "completely shocked".
Rooting for providing transparency in the music community, he said to the committee, "We don't even know what a stream is worth." The legendary musician reverts, "there's no way you can find out" as long as the non-disclosure agreements between record labels and the streaming services don’t show transparency.
The internationally-acclaimed artist revealed that record labels enjoy up to 82% of the royalties they gain from streaming services like Spotify, Apple Music, and Amazon Music, and scowled saying the system is "just ridiculous".
He adds, "I look at the record labels as my partners. And the interesting thing is that every single time I've audited my partners, I find money. Every single time. And sometimes, it's staggering, the amount of money."
Rodgers who created Chic's Le Freak, Madonna's Like A Virgin, and David Bowie's Let's Dance, stood against the streaming system claiming that the industry must revise the way streaming payments are calculated.
"Labels have unilaterally decided that a stream is considered a sale because it maximizes their profits," he said. "Artists and songwriters need to update clauses in their contracts to reflect the true nature of how their songs are being consumed - which is via a license. It is something that people are borrowing from [the streaming services]", he commented.
Image Credit - BBC[/caption]Some secret masterminds behind popular songs are driving Ubers. The biggest songwriters from the UK have taken a switch from their career and start to drive Ubers daily in the country so that they can earn some money.
The music industry is at a pause, so popular lyricists like Fiona Bevan has found an alternative opportunity to make ends meet.
Fiona Bevan is a successful songwriter who has written songs for many sensational British artists like One Direction, Steps and Lewis Capaldi thinks that the problem has arrived because of the huge hike of royalties on streaming services.
She received just £100 as a co-writer after bestowing lyrics to a new song on kylie Minogue's number one album, Disco.
She said without hesitation that the most successful songwriters not only in the UK but in the world failed miserably to pay regular rents.
She has witnessed a shameful reality where the songwriters are not getting what they worth. She adds, "Right now, hit songwriters are driving Ubers. It's quite shameful."
MPs confirmed the degraded situation among the world-class musicians, acknowledging that Chic's Nile Rodgers and saxophonist Soweto Kinch are having the same issues. MPs heard about the problem from music managers Maria Forte and Kwame Kwaten as well.
Nile Rodgers revealed that he never had to look into his streaming income until COVID-19 ruined every scope of earning from live music. He never had to fend for online streams because his tour revenue was more than enough to support his entire generation.
The aftermath of the global crisis has stunned him. Looking at the real picture of the music industry, he was "completely shocked".
Rooting for providing transparency in the music community, he said to the committee, "We don't even know what a stream is worth." The legendary musician reverts, "there's no way you can find out" as long as the non-disclosure agreements between record labels and the streaming services don’t show transparency.
The internationally-acclaimed artist revealed that record labels enjoy up to 82% of the royalties they gain from streaming services like Spotify, Apple Music, and Amazon Music, and scowled saying the system is "just ridiculous".
He adds, "I look at the record labels as my partners. And the interesting thing is that every single time I've audited my partners, I find money. Every single time. And sometimes, it's staggering, the amount of money."
Rodgers who created Chic's Le Freak, Madonna's Like A Virgin, and David Bowie's Let's Dance, stood against the streaming system claiming that the industry must revise the way streaming payments are calculated.
"Labels have unilaterally decided that a stream is considered a sale because it maximizes their profits," he said. "Artists and songwriters need to update clauses in their contracts to reflect the true nature of how their songs are being consumed - which is via a license. It is something that people are borrowing from [the streaming services]", he commented.
