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Beggars passes artists 50% of streaming revenue

Beggars passes artists 50% of streaming revenue

Artist income from the likes of Spotify is a hot topic, with some labels reportedly passing just 10-15% of revenue generated from streaming sites to artists and managers as a royalty.

Mercury-nominated artist Jon Hopkins said last year that he received just £8 for 9,000 plays on Spotify, whilst other acts including the Black Keys have questioned the "feasibility" of the streaming model for performers and writers.

Speaking in a special report in today's Music Week magazine, Beggars Group director of strategy Simon Wheeler revealed that the label - which part-owns XL, Matador, Rough Trade ad 4AD - pays its artists from streaming services on a licence basis, at a much higher rate than its rivals.

"When we looked at the streaming models we felt that splitting this revenue 50/50 as licensed income was the right thing to do - we couldn't justify it as a 'sale'," he commented.

Wheeler suggested that if other labels adopted the model, artists could receive "two or three times" their current income from streaming.

Pick up the new issue of Music Week for the full report - which also includes quotes from the likes of Spotify, EMI and the FAC from a recent MusicTank debate on the subject.

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