Thread: Music Quiz: how much money has Stairway to Heaven made in royalty payments?
View Single Post
Old 06-17-2016, 12:18 PM   #89
vailpass vailpass is offline
Psycho Bag Of Squanch
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $9594244
Quote:
Originally Posted by DaneMcCloud View Post
The Performing Rights Organizations collect money of behalf of composers in the United States. BMI, ASCAP and SESAC are all non-profit organizations. They collect money from radio airplay, restaurant, nightclub and gym airplay along with television airplay. They pay out 97% of all revenues collected.

Spotify is a completely different beast. They're For Profit and due to loopholes in our laws, are granted a Compulsory License in which they can choose to pay whatever they want to pay composers and artists. The same goes for iHeartRadio, Pandora, etc.

When Spotify, a company that owns nothing, is valued at more than the entire music business, something is wrong.
Wut?
__________________
“Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.”
Joseph Stalin
Posts: 69,591
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
     Reply With Quote