NYC backs plan to hike streaming prices by 50% to pay musicians as much as $40k a year each

NYC backs plan to hike streaming prices by 50% to pay musicians as much as $40k a year each

New York City Council has thrown its weight behind proposed federal legislation in the US that would add a 50% levy to streaming service subscriptions, with the additional revenue flowing direct to artists and session musicians rather than through record labels and music distributors. It’s a proposal that could see musicians better off to the tune of $40,000 or more each year.The Living Wage For Musicians Act, proposed in US Congress last year, …