Merck Mercuriadis' open letter to the music industry: The songwriter deserves to get paid more money!

"It’s worth repeating: the song is the currency of our business. Yet the songwriter — who delivers the most important component to the success of a record company, publisher, promoter, manager, agent, music venue, radio station, broadcaster et al – is the lowest paid person in the economic equation. An equation that has made the modern music industry a juggernaut" - Hipgnosis Fund's Merck Mercuriadis writes in an open letter to the music industry, and then he scores comparing this to sports: "Imagine in football or basketball if athletes that were responsible for a league’s success were the worst paid people in the economic equation". Music Business Worldwide published the whole letter.