British politicians say royalties should be split 50/50
The Digital, Culture, Media and Sport committee of the UK parliament is calling for a "complete reset" of the market, with musicians given a "fair share" of the £736.5 million that UK record labels earn from streaming. In a report, they said royalties should be split 50/50, instead of the current rate, where artists receive about 16%, BBC reports. Musician Tom Gray, whose #BrokenRecord campaign prompted the inquiry, said "It feels like a massive vindication. They've really come to the same conclusions that we've been saying for a very long time".