(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.