Streaming royalties are broken, Rashida Tlaib thinks Congress can fix them
There’s never been an easy time to be a musician, but for many in and around the industry, the 21st century has presented one calamity after another for those hoping to make a living through music. The turn of the century saw record labels implode at a staggering rate, and it would be some time before some salvation arrived in the form of streaming services, which finally offered an effective method to monetize music listening.
Examined in the harsh light of day, however, a major question emerges: Who, precisely, do these services benefit? According to the Record Industry Association of America, streaming comprised 83% of all recorded music revenue in the U.S., as of 2020. Calculating the amount of revenue an artist makes per stream can be a complex task.