The decision announced over the weekend by the National Music Publishers Association stems from a dispute pitting songwriters against steadily growing music streaming services sold by Spotify, Apple, Google, Amazon and Pandora. (Image Source: AP)A federal copyright board has raised the music streaming royalties for songwriters and music publishers by more than 40 percent to narrow the financial divide separating them from recording labels. The decision announced earlier this weekend by the National Music Publishers Association stems from a dispute pitting songwriters against steadily growing music streaming services sold by Spotify, Apple, Google, Amazon and Pandora. Even so, that still represents “the most favorable balance in the history of the industry,” said David Israelite, president of the music publishers association. “Songwriters desperately need and deserve the rate increases,” said Bart Herbison, executive director for the Nashville Songwriters Association International, another trade group.

Source: Indian Express January 29, 2018 10:46 UTC