Listen: Lucas Shaw, Pandora And Amazon discussed on The Frame
"To the frame. I'm John horn songwriters make pennies on the dollar each time. Their music is streamed and streaming making up about seventy five percent of the music business in the United States. They not surprisingly want eight better cut, so songwriters were pleased. When last year the copyright royalty board decided to boost their streaming royalties from ten percent to about fifteen percent. But reports this week said that Spotify Google Amazon and Pandora want to appeal that decision to find out why spoke with Lucas Shaw from the Bloomberg newsroom where he reports on the entertainment business, and he said the dispute started with the music modernization act a law passed last year, which set up a new framework for how songwriters would get paid. While it's fairly easy to know who recorded a song, the songwriting can get really messy because you're factoring yourself and factoring in samples you oftentimes have seven or eight or nine different songs. In writers on track. And so you'll have all these fractions of ownership somebody will have to percents. Somebody left by percent somebody left. Ten percent oftentimes leads to litigation and disputes over who knows what the music modernization act it accomplished a few different things. But the the most important moving forward for the industry was trying to end some of that in the process of how these services paid on writers. So after that became law. There were other arguments over how much songwriters were getting. So how do things stand today, and what is the most current dispute so just this week or ten five big tech companies and music spot by Amazon YouTube, which is owned by Google alphabet and then Pandora which is now owned by Sirius XM, satellite radio company appealed, a decision made in January of two thousand eighteen that the rate that a lot of songwriters would get paid. For a particular royalty without getting into the weeds songwriters get paid to different types. Royalties from streaming services and one of them was determined by these copyright judges last year, and the tech companies have essentially said that the process in which this happened was not right and they're appealing. Apple is not part of it."