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Amazon, Apple, YouTube, Pandora, Spotify, other streaming services to pay higher royalties to songwriters

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(Mike Osborne) — The Nashville Songwriters Association and the National Music Publishers Association said this week that they have reached a streaming music royalties deal with the largest streaming services, including Amazon, Apple, YouTube, Pandora, and Spotify.

Beginning in 2023, the five-year agreement will see songwriters and music publishers receive a significant increase in streaming royalties. Streaming services will pay 15.35 percent phased in over the five-year-term of the deal.

In a press statement, the national organization notes that songwriters and publishers have seen a nearly 44 percent increase in streaming royalties since joint, collaborative negotiations began.

Mike Osborne is the News Director for WMOT and can be heard on-air daily.