The total collection of these royalties amounts to 424 million dollars in the United States and the license payments that they have been making from the Mechanical Licensing Collective (for its acronym MLC) are distributed among the different current music streaming services so that they in turn distribute them among the artists.
For now, having this data gives us an idea of what companies pay artists for licenses, contracts and others. In this way Apple is at the top of the companies that pay royalties for these licenses to offer the content on their platforms.
The top image we share from the iClarified web It shows us the amount of money that different companies pay artists and composers. This money is distributed by the MLC in the most equitable way possible. From what we see in this summary, the one that pays the most money in this case is Apple, followed by Spotify, with 152 million dollars and Amazon Music is far behind with 42 million. Managing these payments is a matter for the Mechanical Licensing Collective.
Although it is true that Apple does not have the largest number of users on its streaming music platform Apple Music, it is the one that ends up paying the most money for a song of hours of playback. The truth is that the music industry has taken a turn with this type of on-demand music services and it is important that benefits are shared as equitably as possible so that they can continue creating content that in turn makes more subscribers and more ...