Universal Music Publishing Group chairman/CEO Jody Gerson has spoken out about the difficulties facing songwriters in the digital age, and how tech platforms, legislators and publishers alike can step in to help. In an interview with the Wall Street Journal published on Sunday (Aug. 12), Gerson discussed how the increasingly global exposure that streaming platforms offer songwriters is not coming with more equitable royalty checks.
While “having music so accessible to so many people is going to be a good thing… the fees are not where we want them to be,” said the CEO. “We get paid much less than the labels. The overall pie needs to grow with the success and the increase in subscriptions [to services such as Spotify].”