GRAMMY Award-Winning Artist Poo Bear Says A Change Needs To Be Made Regarding Streaming Royalties
HipHopDX recently sat down with Grammy Award-Winning producer, song-writer and artist, Poo Bear, to discuss the current music industry and the issue with streaming royalties.
Poo Bear said, “Streaming is the newest wave that kinda makes it a little bit blurry because streaming is so new [that] they haven’t created streaming laws.
They’ve kind of applied other amounts of payments and fees to streaming but it’s really not fair. 1,500 streams of an album is equivalent to one album. It’s ridiculous. And the amount of money per spin is a fraction; it’s [like] .0003 of a cent so you gotta have like 800,000 to a million streams to equal up to a thousand dollars. You do that math. You see people and you think they’re doing amazing [because] they have 100 million streams [but] that’s like what? $10,000? Then there are mechanical royalties also that are pure record sales that vary. Most writers don’t get producer points, which is a percentage of an overall album at 100%, it’s one [percentage] point. If a record sells 1 million [physical] album sales and you have one point [then] you’re looking at about $97,000 in mechanical royalties.
[But] It gets blurry when you throw streaming in there because it’s like, ‘Wait how many records did we really sell?’ You don’t know nowadays. I feel like they’re going to have to make a change because it’s not fair. And the writers and producers, the ones who make the music are suffering the most.
Labels are making more money than they ever have in their whole careers. Even more than in the 90s when it was bad if you sold a million records. They’re doing their own deals with the streaming companies and they’re not cutting in the writers and artists. There’s no breakage. We don’t know what they’re negotiating with the streaming companies.
I just know it’s like the 90s again [where] everybody is excited to be in the music industry. For a period [of time], everybody was trying to get out of the music business. It’s just now getting back [to how it used to be]. The labels are killing it. I know they are. It’s just a matter of these streaming numbers and things becoming more fair for the people who are really creating and going out there selling these songs. The distributor companies and the labels are the only ones who are really benefitting from it.”