More copyright for European sound recordings will net performers a whopping $0.50/year

Glyn sez, "In response to a consultation on the European Commission's proposal to almost double the term of copyright protection on sound recordings, the Open Rights Group have responded that for the vast majority of performers the projected extra sales income resulting from term extension is likely to be meagre: from as little as 50¢ each year in the first ten years, to as "much" as €26.79 each year. That's because most of the gains (89.5%) will go to the top 20% of recording artists. Meanwhile the major labels will be dividing up millions in extra handouts every year."

Our submission shows that for the vast majority of performers the projected extra sales income resulting from term extension is likely to be meagre: from as little as 50¢ each year in the first ten years, to as “much” as €26.79 each year. That’s because most of the gains (89.5%) will go to the top 20% of recording artists. Meanwhile the major labels will be dividing up millions in extra handouts every year.

What’s more, performing artists will make no extra revenue from radio airplay and other income streams arising from so-called “secondary remuneration rights”, and may even make less. The Commission assumes that fees paid by users of recordings, e.g. broadcasters, will remain constant. That means the amount of earnings available to performers will not be any bigger - it will just be sliced more thinly and distributed longer to more rightsholders. Performers will not earn any more over their life time, and are likely to earn less, as money will be transferred from the living to the estates of the dead.

Performers likely to get as little as 50¢ a year from increased term of copyright

(Thanks, Glyn!)