The Songwriters Manifesto - Fix The Leaky Pipes!
The Copyright Royalty Board ruling that the royalty rate for songs will rise to 15% of US streaming revenue should be a major cause for celebration. However, unless outdated industry infrastructures and distribution mechanisms are urgently addressed, the impact of this progress might be limited. Research by the Music Managers Forum (MMF), shows songwriters are currently waiting several years to receive payment for streaming. Due to the tangled complex of collecting society and publisher networks, up to 30% of royalties can be deducted in admin costs. Millions more dollars of "unmatched" revenues are torrenting into black boxes, before being re-apportioned by market share to the biggest rights holders. Come hear about the Song Royalties Manifesto which outlines how this mess can be fixed
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