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NMPA Boss Criticises Amazon Music Over Royalty Rates
NMPA boss David Israelite accuses Amazon Music of cutting royalty rates below songwriters' past payments, demanding changes to its bundling scheme.
In brief
NMPA boss David Israelite accuses Amazon Music of cutting royalty rates below songwriters' past payments, demanding changes to its bundling scheme. NMPA boss David Israelite criticises Amazon Music for proposing lower mechanical royalty rates and forced bundling that harms songwriters. Originally reported by Musically.
NMPA Boss Criticises Amazon Music
NMPA boss David Israelite criticises Amazon Music for proposing lower mechanical royalty rates and forced bundling that harms songwriters.
“The irony is it’s a company with a market cap of $2.8 trillion, with $717 billion in annual revenue”
Amazon Music's Rate Proposal
Amazon Music wants to cut mechanical royalty rates from 15.35% to 13.4% and redefine revenue calculations.
Bundling Scheme Impact
Amazon's bundling scheme, which adds audiobooks, has reduced payouts by 40% for songwriters and publishers.
NMPA's Response
NMPA boss Israelite plans to break down Amazon's other proposals and target competitors in the coming days.
The headline
NMPA boss David Israelite criticises Amazon Music for proposing lower mechanical royalty rates and forced bundling that harms songwriters.
