It’s all about Copyright, that little piece of legislation meant to give creators a monopoly on their works, so they could create new works, however the creators now sell or license their rights to a corporation, who then seem to hold onto the rights forever and by doing so, the Corporations keep lobbying hard to change laws so copyright lasts forever.
THE VALUE IN COPYRIGHTS KEEPS GETTING BIGGER
It’s 2008 and the Global Finacial Crisis decimated assets across the world. In these wastelands, the Investment Houses turned to Copyrights to balance portfolios.
The arrival of streaming services took off the cloak and funny math on royalties by the labels. While artists complained about the pay per stream rate, one thing they couldn’t complain about was the amount of money paid to the organizations that held the rights.
15 years later, these portfolios keep making money for the Investment Houses as the majority of music consumers transitioned to streaming.
In 2022, Germany generated 1.656 Billion in streaming revenue. The total income for the country was 2.07 Billion so streaming equated to 80 percent of it.
Globally in 2022, streaming revenues reached 17.5 billion U.S. dollars. 70 percent of total recorded music revenue.
If you are not getting a cut of it, someone else definitely is.
COPYRIGHT AFTER DEATH
It’s been five years since Aretha Franklin died and her heirs are still fighting over who handles her Estate, which has her Royalties paid to.
The unusual trial will determine which of the two handwritten wills, including one found in couch cushions, will come in force.
The interesting part is how Aretha valued her earnings from Copyright, which she listed as $1. Meanwhile, the Estate earned $4 million in one year after her death.
SPOTIFY PAYMENTS TO SWEDISH ARTISTS
Since 2008, Sabaton has amassed 2.5 billion streams on Spotify. Check out the research.
It is estimated that Spotify has paid the rights holder of Sabaton’s catalogue between $9.6 million and $15.9 million during this time.
If Sabaton owned their Masters 100%, then they would have received between $7.6 and $12.6 million dollars from Spotify. It equates to $507K and $840K per year. There are five members in the band, so taking the lower amount, each member would get $100K each. This takes into account that they have no manager percentage, accountant percentage and so forth.
If they had a 50% Royalty agreement with their label, they would have received between $3.7 and $6.3 million dollars. It equates to $247K and $420K.
If they had a 20% Royalty agreement with their label, they would have received between $1.5 and $2.5 million dollars as the label would get the other 80%. It equates to $100K and $167K. Taking the lower value, each member would receive $20K for the year, which comes to $1,666 per month. This takes into account that they have no manager percentage, accountant percentage and so forth.
RE-RECORDINGS
The Law states that artists can get back their rights after so many years. But the labels are fighting each case tooth and nail.
So if the artists have the means, they are creating new masters and are making those new masters as canon. This in turn gives them control over their music and they can then license these recordings to TV Shows and Movies and Games on their own terms.
SONG I AM LISTENING TO
Chokehold from Sleep Token.
It came up on a Release Radar many months ago and I’ve been hooked ever since. Hooked enough to buy the Vinyl album when it came out a few weeks ago.
From the U.K, they combine Pop, R&B, World, New Age, Church, Classical, Folk and Djent like tech metal. And I’m a fan.
To show how much cross over appeal they have, you can watch Daughtry do a live acoustic cover of the song.
Metal music is always resilient to changes in genres however it’s also easily adaptable to other genres or it can be used as a fusion element.
And fusion is happening everywhere.
Taylor Sheridan is good at mashing unrelated and different story ideas into one cohesive story.
Yellowstone is a mash up of Classic Westerns, Medieval dramas with a lot of back story and political thrillers. Tulsa King is “The Godfather” in a Western setting.
And then I did some research on em, and they have a gimmick, wearing face covering like ninjas from an anime.
Check em out.
The Sabaton example is awful. It is an f’d up system.
Sabaton thats crazy. Aretha’s family still fighting 4 years later. Biz is awful that side of it for sure. Great stuff Pete
These artists are getting ripped off!