Transcript

How Songwriters Are Uniting For Fair Pay · Direct From Hollywood with Ryan Seacrest

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Speaker 1: Direct from Ryan Seacrest. While the overgrowing popularity of music
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Speaker 1: streaming has benefited many artists and record companies, one of
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Speaker 1: music's most important creative contributors has been more or less neglected.
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Speaker 1: That's songwriters. But they decided to unite and fight back
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Speaker 1: against what they see as an unfair system with a
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Speaker 1: new open letters sent to music labels, signed by over
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Speaker 1: three hundred of the most prominent British songwriters. It reads,
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Speaker 1: in part, we all know how much songwriters are relied upon,
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Speaker 1: not only for songs, but for inspiration, direction and development
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Speaker 1: within the contemporary music industry. But one hundred thousand streams
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Speaker 1: of a song will not cover the price of a
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Speaker 1: cup of coffee. A songwriter with many millions of streams
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Speaker 1: can still be incapable of making rent. Songwriters of the
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Speaker 1: past risked their investment for the chance of returns if
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Speaker 1: a song was indeed a hit. Without the possibility of
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Speaker 1: those returns, where is the incentive end of quote? Songwriters
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Speaker 1: are asking for a small per diem of around a
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Speaker 1: hundred twenty five bucks per day for days they work,
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Speaker 1: and most importantly, a few points meaning ownership of the
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Speaker 1: song's masters. That's direct from Hollywood