UK government announces new policy is ‘best deal in the world’ for boosting earings for artists

"The best deal in the world"? It really isn’t.

The UK government has just announced a new policy it claims will boost earnings for artists, songwriters and session musicians. They’ve called “the best deal in the world.” It’s backed by the UK arms of the major labels (Sony, universal and Warner), and promises tens of millions in new investment by 2030.

On paper, it sounds like progress. But many in the industry aren’t convinced.

The Musicians’ Union and the Council of Music Makers have said they’re “disappointed” and have argued that while the deal includes some positive steps (like support for legacy artists and increased session fees), it fails to fix what really matters: streaming royalties. Sure, the policy mandates that record label must respond in 60 days if they wish to renegotiate their contract, but thats unlikely to transition into tangilbe change for many artists.

Right now, most artists still earn just a fraction of a penny every time their song is played. The new framework doesn’t guarantee a fairer share and for those trying to make a living from music, this new policy won’t change much for them.

The government says it’ll review things in 12 months. Until then, the Musicians’ Union is calling for a minimum royalty rate for all artists and pushing for real reform.

If you’re interested you can sign the petition via @wearethemu.