âThrough the pandemic, streaming services have become even more essential, allowing us to enjoy the music we love, even when the live performances have been closed. But with the exponentially increasing market power of a few tech platforms, the voices of independent musicians are getting harsher and harder. hear, “Deutch said in a statement.” By allowing a more diverse choir of voices to negotiate fair terms and prices for their music, the Acting Musicians’ Protection Act recognizes the core value of music and gives a chance to active artists. “
“The power imbalance must be addressed by Congress so that independent creators and labels can unite to fight for fair compensation and against anti-competitive schemes that devalue music,” said A2IM CEO . Richard Burgess. âYear after year, these platforms are increasing their profits and their subscriber bases at astronomical rates as artists struggle, especially in the aftermath of the pandemic. We thank Rep. Deutch for championing the principle that artists and creators deserve to make a living even if they are not a mega star or if they have not signed with a major record company.
âWe need to level the playing field for [independent artists and labels] and increase their streaming payments, âadded Cake’s John mccrea, who is co-chair of the ARA with Rosanne Cash. “This bill does that and empowers them by using free market tools to ensure that all artists get fair market value for their work.”