Name: How music streaming transformed songwriting
Uploaded: 2021-07-02T15:15:11Z
Duration: 18 min 3 s
Description: Money, money, money ... in the music business, there seems to be little left for the songwriters that fuel it. ABBA co-founder Björn Ulvaeus calls for the industry to support its most valuable asset, breaking down how the streaming revolution impacts creator royalties, careers and craft -- and outlines what can be done to truly thank artists for the music.

Money, money, money ... in the music business, there seems to be little left for the songwriters that fuel it. ABBA co-founder Björn Ulvaeus calls for the industry to support its most valuable asset, breaking down how the streaming revolution impacts creator royalties, careers and craft -- and outlines what can be done to truly thank artists for the music.

How music streaming transformed songwriting

Music streaming has made it easier than ever to reach a global audience, but the explosion of new songs—around 80,000 a day—means songwriters now struggle to earn a living. Streaming services pay far more to recordings than to the writers behind them, and flawed royalty systems and missing data often leave songwriters unpaid. While the digital revolution gave rise to new music and creative tools, it also left many creators invisible inside an unfair system. Rebalancing the song economy is crucial to keep music vibrant and its makers supported.