A lot of people hate Corey Taylor, but I’m not one of em. I enjoy the music he creates, more with Stone Sour than Slipknot and he has a point of view, a stance, which he shares with the world.
In an interview with the Irish Times which Blabbermouth grabbed and ran with a few months ago, Taylor was asked if SLIPKNOT could live just on royalties from listens.
He said, no they couldn’t survive at the current rates but if the streaming services paid the same publishing rate as radio stations than they could.
In Australia that equates to about $6 per song (for the main cities), as regional cities have a lower fee and then there are separate fees paid for when the song is played, like prime time hours or graveyard hours. In some cases the artists pay to get themselves played and they don’t even know it as it’s charged back to them by the label via miscellaneous expenses.
Also the $6 fee is paid just to the songwriters not the recording act. Since Taylor writes his own songs, he is okay in that department as he would get the payment.
But streaming services charge us $9.99 per month to access a catalogue of music. The math doesn’t work and suddenly piracy looks more appealing of that fee goes up.
Taylor doesn’t have a problem with streaming services for what they are trying to do, but he has a problem with them, when they spend millions of dollars on buildings and then more millions on decking out those buildings for offices and then more millions on flying private and more millions on wages while the artists who bring people to their service are not experiencing the same share of those millions.
But hang on a second, the label he’s signed deals with also spend millions of dollars meant for the artists on the same thing.
Steve Miller said something similar about the recording industry and the RNR Hall Of Fame people at his RNR HoF induction, how they take so much money from the artists and they don’t compensate the artist fairly.
The problem that I have as a fan of music is this;
Artists on a label sell their masters to the record labels for a fee. They are compensated at that point in time. Some for a lot more if they are successful and others for peanuts because they didn’t know any better.
The labels are aware of this power they have and since they are offering the cash, they want a return on investment. So the label benefits in this streaming era because they hold the masters.
Get your masters back like Motley and Metallica and suddenly you will benefit as well.
2 thoughts on “How Much Should Streaming Services Pay?”
Who knows now Pete with a ton of masters going up in smoke at that Universal Fire since some artists lost everything.
Yep that Universal Fire really did a number on a lot of Masters from popular releases.