The fight for direct royalties—and pay transparency—has brought the Union of Musicians and Allied Workers (UMAW_ ) to Spotify's front door.
This is a story without boldface names, or at least not the kind you usually read about inAnd yet it is a story about more than 28,000 musicians and music-industry workers, and some of the biggest corporations in the world.
Streaming dominates the recorded music industry—it is now responsible for 83% of all recorded music income in the U.S., according to the record label association RIAA. The remaining 17% includes all other uses of recorded music you can think of: not only physical sales and digital downloads, but soundtracks for films and TV, and licensing to commercials and brands. There simply isn’t much of a recorded music business left outside streaming.
Meanwhile, the streaming platforms themselves are booming—their revenue went up 24.3% in 2021, to a total of. Paid streaming is dominated by only a few corporations. According to market researcher MIDIA, Spotify is by far the major player with 31% of the market, more than twice that of its nearest rivals, Apple and Amazon .
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