Rep. Ted Deutch introduced new legislation that would allow independent music artists, labels and creators to collectively negotiate better royalty rates.
"Through the pandemic, streaming services became even more indispensable, allowing us to enjoy the music we love, even when live performances were shut down. But with the exponentially increasing market power of a few tech platforms, the voices of independent musicians are getting harder to hear," said Deutch in a statement.
“The power imbalance must be addressed by Congress so that creators and independent labels can band together to fight for fair compensation and against anti-competitive schemes that devalue music,” said A2IM president/CEO. “Year after year these platforms grow their profits and subscriber bases at astronomical rates while artists struggle, especially in the wake of the pandemic. We thank Rep.
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