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MP presents Bill to give musicians a larger share of revenue from streaming services

ARTISTS and songwriters are losing out on streaming services while it’s the major record companies which are reaping the benefits, MPs heard today.

Labour MP Kevin Brennan presented a private member’s Bill which would give musicians a larger share of revenue from streaming services.

The Cardiff West MP said: “Streaming is an incredible technology. It enables us to have almost the entire catalogue of the world’s music in our pockets.

“But artists and songwriters have not had the same boom as the major record companies themselves from this new windfall.”

The Copyright (Rights and Remuneration of Musicians) Bill seeks to “modernise the law for the new world of music streaming.”

It would introduce a right to “equitable remuneration” for streaming income — where performers have a right to receive a share without reference to their label contracts.

The Bill would also give musicians more of a say over how their music is used, including rights to reclaim ownership from record companies after 20 years.

Musicians’ Union deputy general secretary Naomi Pohl said the Bill would see musicians “fairly paid for their streamed music.”

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