Music Managers Forum highlights issue of secrecy around streaming deals

News: 14th October 2015 by Louise Dodgson under Artist Managers, Music Publishing, Record Labels, Selling & Distributing Your Music

Source: http://www.flickr.com/photos/sorosh/746321665/sizes/z/in/photostream/

Since its arrival on the scene music streaming has caused a huge stir, but there's no denying that the likes of Spotify, Apple Music, Dezzer et al are likely to be with us for a while.

The Music Managers' Forum have recently raised the issue that many artists, bands and their management and representatives are kept in the dark about why they receive such a small percentage of earnings per stream. The money is often split amongst other parties and it is undisclosed how much is negotiated to be paid to record labels and music publishers as part of NDA - 'Non Disclosure Agreements'. Perhaps it's about time that the veil of secrecy was lifted. Check out the BBC Newsbeat link below to find out more about this matter...