WASHINGTON D.C. (CelebrityAccess) — Congresswoman Rashida Tlaib (MI-12) and Congressman Jamaal Bowman (NY-16) introduced the introduction of the Residing Wage for Musicians Act.
The proposed laws, created in partnership with United Musicians and Allied Staff (UMAW) and native and nationwide artists, would create a brand new streaming royalty of a penny per stream.
The Residing Wage for Musicians Act would tax suppliers’ non-subscription revenues and add a small payment to the worth of music streaming subscriptions. DSPs, equivalent to Spotify, would go their taxed revenues and royalties to a non-profit assortment and distribution fund, that will in flip pay artists in proportion to their month-to-month streams.
Moreover, the invoice features a per-track cap on royalty funds so as to generate extra sustainable earnings for a broader and extra numerous set of artists past excessive profile artists.
“There’s lots of discuss within the business about how you can ‘repair’ streaming – however the streaming platforms and main labels have already had their say for greater than a decade, they usually have failed musicians,” mentioned UMAW organizer and musician Damon Krukowski. “The Residing Wage for Musicians Act presents a brand new, artist-centered resolution to make streaming work for the various and never simply the few. We have to return worth to recordings by injecting extra money into the system, and we have to pay artists and musicians straight for streaming their work.”
“Detroit is among the music capitals of the world, and our artists right here have modified the music business and our tradition in so many unbelievable methods,” mentioned Congresswoman Rashida Tlaib. “It’s solely proper that the individuals who create the music we love get their fair proportion, in order that they will thrive, not simply survive.”
It’s unclear if the proposed invoice will acquire widespread help in congress and is more likely to face stiff opposition from streamers equivalent to Google, Apple, and Spotify.
The total textual content of the invoice is on the market right here.