Struggles of Songwriters in the Streaming Era
The article discusses how songwriters are struggling financially in the streaming era due to low royalty rates, with only a small percentage earning a decent income. The disparity between what songwriters and performers earn per stream is highlighted, showcasing the challenges faced by non-performing songwriters in monetizing their work.
Key Points
- Songwriters earn a small percentage of streaming royalties compared to performers
- Most songwriters struggle to make a living due to low streaming income
- Songwriters lack opportunities to diversify income compared to performers
Pros
- Provides insight into the financial challenges faced by songwriters in the streaming era
- Raises awareness about the disparity in royalty rates between songwriters and performers
Cons
- Limited data shared from the study 'Songwriters Take the Stage' by MIDIA Research