Hi Genius Up! Subscribers
As a creator who earns a living from making music, two big headlines from this week affect you directly, and we wanted to make sure you saw them.
First is a report that found global music sales grew 8.1% last year.
And this has resulted in “more money than ever swirling around” according to this Guardian article:
But how much of this is finding its way to the pockets of creators like you? That leads us to the second big headline, which is the dramatic unanimous passage of a new law dedicated to “getting as much unclaimed royalties as possible to the publishers and songwriters who actually earned it.”
So what does all this mean for you? This Music Business Worldwide article sums it up best:
“As streaming scales further, the new-found financial security and freedom it will facilitate looks set to be the birth of a new ‘middle class’ of artists; empowered to build their careers on their own terms and make a living without being forced to chase the perils of radio hits and fame and developing at a sustainable pace.”
Genius Up Reading!
– The Empire Genius Team