Songwriting Legend Linda Perry Explains Her Beef With Streaming
Music artists won a big fight against streaming services this week, but legendary songwriter Linda Perry thinks there’s more to be done.
“There’s a lot of people where this is their bread and butter, this is what they’re leaving to their children, this is their gift, this is their music...and they’re being very overlooked and underpaid,” she told Cheddar.
“Are we trying to make changes? Yes, absolutely.” But that change isn’t coming fast enough.
Perry’s comments come after the Copyright Royalty Board ruled that companies such as Google, Spotify, and Apple need to increase artists’ pay from 10.5 percent to 15.1 percent of revenues over the next five years. This is the largest pay increase in CRB history, according to one industry organization.
But the Songwriters Hall of Fame inductee, who’s written for the likes of Christina Aguilera and Alicia Keys, told Cheddar that in the days before streaming, artists would get more.
“When MTV played your song or video you would get $49.95, and then every time the radio played your song you would get a certain amount of money,” Perry said. “Your songs weren’t played [as much], and you were making a lot of money. Now your songs are all over the place, and you’re making less money.”
For full interview, [click here](https://cheddar.com/videos/music-legend-linda-perry-helps-unknown-artists-get-heard).
Ben Strauss, sports and media reporter at the Washington Post, joins Cheddar News to recap round two of the NCAA Men's Tournament and what we can expect heading into the Sweet 16.
Actors Courtney B. Vance and Tosin Cole joined Cheddar News’ senior reporter Michelle Castillo at South by Southwest to talk about their new series “61st Street” on AMC. The show takes a look at the harshness of Chicago’s criminal justice system. When asked what he hopes the audience takes away from this show, Tosin Cole said, "Just some empathy and just showing a different perspective."
A recent survey from employment website Indeed and career growth platform Luminary found that at least half of women are considering a change to their careers over issues of unequal compensation and upward mobility as compared to men. Cate Luzio founder and CEO of Luminary, and Abbey Carlton, Indeed's global head of social impact, joined Cheddar News to talk about the study and working for women to push more self-advocacy. "I think the silver lining here is that women are in a moment where they can renegotiate the terms of work. And we're seeing that in this survey, women are thinking about what is my next step and what do I need in that next step. And compensation is right at the top of the list there,” said Carlton.
A new coalition called "Organizations For Pay Equity Now", or "OPEN" imperative, has launched with the goal of eliminating the gender pay gap among pre-IPO startups by 2027. More than 200 founders, CEOs and investors have already joined the coalition -- and it's only expected to grow. Emily Sweet, Lead of the OPEN imperative, joined Cheddar's Opening Bell to discuss the new coalition and how it plans to achieve these ambitious goals.
Netflix launching a test to let primary account holders pay an extra fee for users outside their households. This comes as the streaming giant grapples with illicit password-sharing with over 30 percent of all Netflix users sharing their password with at least one person, according to research firm Magid.
Pedro Palandrani, Director of Research at GlobalX joined Cheddar's Opening Bell to discuss.
Ukraine's Mariupol refuses to surrender to Russian forces, Supreme Court Justice Clarence Thomas was hospitalized, and a cyclist took on the Freedom Convoy in DC. Here is all the news you Need2KNow for Monday, March 21, 2022.
Neonvest is a platform connecting startups and entrepreneurs with experts in the VC space. The startup says it's in the process of raising a seed round of approximately $2.5 million from a mix of angel and institutional investors. Aakash Shah, co-founder of NeonVest, joins Cheddar News' Closing Bell to discuss.