Get More Music Royalties | Living Wage For Musicians Act Update

In this episode of the Top Music Attorney Podcast, Entertainment Attorney, Miss Krystle discusses a groundbreaking move by the New York City Council that could mean more money for artists, producers, and music creators. With billions in royalties flowing through platforms like Spotify and Apple Music, a new resolution might open the door to an entirely new stream of revenue and possibly a fairer system for everyone.

Miss Krystle breaks down what the Living Wage for Musicians Act could mean for your royalties, how this changes the role of distributors, and what concerns still remain. If you're serious about turning your music into a real business, this is one update you can't afford to miss.

0:00 Introduction
00:13 NYC Council Passes Resolution Supporting Higher Pay for Artists On Streaming Platforms
00:26 Billions of Royalties Being Paid Out
00:52 Collecting Music Royalties
01:25 Living Wage For Musicians Act
01:53 How Paid Royalties Would Increase
03:39 Increasing Royalties To 1 Cent Per Stream
04:21 Spotify Monetization Threshold
04:47 Addressing Inequity In Streaming Payout
05:01 The Music Distributor Problem
05:38 Higher Payout Will Help Sustain Music Careers
06:58 Resolution 368 Introduced By Council Member Shahana Hanif
07:32 Federal Bill Introduced By Representative Rashida Tlaib, Representative Jamaal Bowman, & United Musicians and Allied Workers
08:12 SoundExchange's Intellectual Property Rights Fund
09:00 Reviewing Living Wage For Musicians Act 
09:17 Establishing The Artist Compensation Royalty Fund
10:08 The Amounts Collected
10:30 Allocation of Payments To Featured Artists
11:24 Payments From Fund
11:47 Payments Allocated To American Federation of Musicians & SAG AFTRA
12:04 SAG AFTRA Royalty Fund Access
13:25 New Revenue Stream
15:00 Bill Effect on Record Labels
15:24 Conclusion

Legal Disclaimer: The information, ideas, and suggestions in this video are not intended to be legal advice. Before following any suggestions contained in this video, you should consult your personal attorney. The speaker shall not be liable or responsible for any loss or damage allegedly arising as a consequence of your use or application of any information or suggestion in this video. Pursuant to the fair use doctrine under the 1978 Copyright Act, a copyrighted work owned by another may be used for criticism, commentary, news reporting, and educational purposes. The use of the livestream contained in this video falls within the fair use doctrine.