The French music streaming service paid out an average of $0.018732 per stream in the year ended March 31, 2024.
As the industry seeks fairer ways to compensate creators, economist Will Page proposes rewarding songs that keep people listening.
This is the first time the mechanical licensing organization has filed a lawsuit against a streaming service.
In a letter Monday, the streaming service said Spatial Audio tracks will receive a royalty rate up to 10% higher than content not available in the format.
The proposal calls on the industry to explore "fairer models of streaming revenue allocation" for artists, including pro-rata and user-centric models "or totally new ones."
The news comes shortly after the MLC itself was audited by Bridgeport Music, the company that represents George Clinton and Funkadelic.
The change is part of the platform's effort to free up "extra money ... for honest, hard working artists."
Here’s a full breakdown of the plan, based on Billboard’s reporting, including streaming thresholds, fraud fees and minimum track lengths.
In its third annual membership meeting, The Mechanical Licensing Collective reveals key metrics about its progress since launching in 2021.
In short: It doesn't, currently.
