A group of more than 700 independent record labels have signed a new agreement calling for the fair treatment of their artists.
The Fair Digital Deals Declaration has been organised by the Worldwide Independent Network. It follows controversy over YouTube pressuring independent labels to sign what some considered unfair deals relating to their new music streaming service.
According to the Worldwide Independent Network the declaration “seeks to guarantee fair compensation, clarity and transparency for independent labels. It also puts an emphasis on allowing artists to profit from services like streaming, rather than just the label or publishing rights holders.”
The agreement comprises five major points:
1. Ensure that artists’ share of download and streaming revenues is clearly explained in recording agreements and royalty statements in reasonable summary form.
2. Account to artists a good-faith pro-rata share of any revenues and other compensation from digital services that stem from the monetization of recordings but are not attributed to specific recordings or performances.
3. Encourage better standards of information from digital services on the usage and monetization of music.
4. Support artists who choose to oppose, including publicly, unauthorized uses of their music.
5. Support the collective position of the global independent record company sector.
Among the labels to sign the Fair Digital Deals Declaration are Epitaph, Beggars Group, Rough Trade, Sub Pop, Ninja Tune, Mute, Brainfeeder, 4AD, Domino, Houndsooth and Warp.
Martin Mills, group chairman of the Beggars Group, who look after bands including Queens of the Stone Age, said: Why wouldn’t we treat artists fairly? It seems so obvious that we shouldn’t have to say it, but let’s say it loud and proud.”
Rich Bengloff, president of the American Association of Independent Music said: “This is a call for artists receiving the same fair treatment that we as independent music labels feel we should be receiving as well.”