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Musicians earn less than 1 cent per stream — here’s what needs to change

If you’re a music lover, chances are you’ll have used streaming services of some kind. Music streaming accounts for more than half of the global music industry’s revenue in the UK, bringing in more than £1 billion in the last year. But while the three major labels – Sony, Universal, and Warner – are reporting record high profits, a poll by The Ivors Academy and Musicians’ Union found that eight out of ten music creators earn less than £200 a year from streaming. According to one report, artists earn on average only £0.009 per stream. The UK government is now…

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