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).
The wave of small investors who have ballooned the price of GameStop stock in an unprecedented short squeeze are calling on each other to hold their positions even as trading platforms freeze additional sales.
Variants and Vaccines, Robinhood Under Fire & World's Biggest Rollercoaster
The independent senator says multiple groups will benefit from the proceeds, including Meals on Wheels and Vermont community action agencies. He also says Getty Images will donate proceeds as part of a licensing agreement.
Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
Michael Ellison, CEO and co-founder of CodePath, spoke to Cheddar about the need for Big Tech to invest earlier in the worker pipeline to improve diversity among their ranks.
Stock Swings, Climate Change & Young Tony Soprano
Barrier-breaking ballerina Misty Copeland spoke with Cheddar about her partnership with Ford's Mustang Mach-E to encourage women to show their own strength.
In the David and Goliath saga that has been captivating and confusing Wall Street recently, Goliath has fallen.
Today we take road signs for granted. We see these shapes and colors and understand their meaning, even without words. And that was the intention. There’s a forgotten science to the shapes of our signs.
Washington Mystics forward Aerial Powers spoke to Cheddar about championing women in the world of video games and esports.
Load More