Slipknot‘s Corey Taylor called out streaming services for paying “less than pennies” in royalties

Speaking in a new interview, Slipknot frontman Corey Taylor took aim at exploitive royalty rates - “A million streams on YouTube is 0.04 percent of a penny. On a million streams you get $400", he told Irish Times. He thinks it's bad business for everyone, including the companies: "The streaming services are not willing to pay the talents who write the songs and makes the music and yet they are sitting on billions of dollars. They are buying whole blocks of buildings and then taking over floors in there and yet they don’t want to pay the people who made the money for them. It’s insane. It’s tough all over in a lot of ways. Something has to change. I don’t know what that will be”. For bands it's worse, of course: “If the streaming systems paid more online with how publishing in radio pays – people could make a living. I have had friends of mine who have had to retire and they are popular bands because they can’t make a living. Mid-card bands and lower, it is hard for them. It almost pays better to play the local pub and do the door deal".