Get More Music Royalties | Living Wage For Musicians Act Update

In this episode of the Top Music Attorney Podcast, Entertainment Attorney, Miss Krystle discusses a groundbreaking move by the New York City Council that could mean more money for artists, producers, and music creators. With billions in royalties flowing through platforms like Spotify and Apple Music, a new resolution might open the door to an entirely new stream of revenue and possibly a fairer system for everyone.

Miss Krystle breaks down what the Living Wage for Musicians Act could mean for your royalties, how this changes the role of distributors, and what concerns still remain. If you're serious about turning your music into a real business, this is one update you can't afford to miss.

0:00 Introduction

00:13 NYC Council Passes Resolution Supporting Higher Pay for Artists On Streaming Platforms

00:26 Billions of Royalties Being Paid Out

00:52 Collecting Music Royalties

01:25 Living Wage For Musicians Act

01:53 How Paid Royalties Would Increase

03:39 Increasing Royalties To 1 Cent Per Stream

04:21 Spotify Monetization Threshold

04:47 Addressing Inequity In Streaming Payout

05:01 The Music Distributor Problem

05:38 Higher Payout Will Help Sustain Music Careers

06:58 Resolution 368 Introduced By Council Member Shahana Hanif

07:32 Federal Bill Introduced By Representative Rashida Tlaib, Representative Jamaal Bowman, & United Musicians and Allied Workers

08:12 SoundExchange's Intellectual Property Rights Fund

09:00 Reviewing Living Wage For Musicians Act 

09:17 Establishing The Artist Compensation Royalty Fund

10:08 The Amounts Collected

10:30 Allocation of Payments To Featured Artists

11:24 Payments From Fund

11:47 Payments Allocated To American Federation of Musicians & SAG AFTRA

12:04 SAG AFTRA Royalty Fund Access

13:25 New Revenue Stream

15:00 Bill Effect on Record Labels

15:24 Conclusion

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