UK Parliament calls for 50/50 streaming royalties split between artists and record labels

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As someone outside of the industry, why do artists still need record labels?

schmidlidev

Artists should get their cut.

redditahsan

Fuuuuuuck yes! It’s a start! The music industry has cannibalized itself, and the fact that almost no artist can get away without a 360 deal, or something along those lines, is ridiculous. 50/50 for royalties is only right. The record label doesn’t have shit, without the musicians!

Independent_Body_710

yeah fuck record companies. Everything is streamed now. All record companies do is prey on artists that don’t understand copyright law and give them a big package and money. Guess what? You can do all that yourself for cheaper and own your own shit. It’s $75 to incorporate your own business, lots of copyright lawyers around that’ll help you on copyrighting your works and lots of trademark lawyers that’ll tell you how to trademark your name/logo. If you’re an artist, you’re a business, and there’s significant benefits to incorporating – number 1 being that you gain liability protections.

NoUx4

Sounds fair, but I doubt it will happen. Guess who has the deeper pockets

dikk_diggler