Beggars claim streaming better than radio
Martin Mills claims streaming pays better than radio
Music Week has reported that some Beggars Group artists are now receiving higher revenues from streaming services than traditional radio.
Beggars chief Martin Mills said: "I'm finding that some of our artists, particularly the more catalogue artists, are opening their royalty statements and earning more [from streaming] than from any other source on some individual tracks. [For Beggars] it pays many, many more times than radio play. We're big supporters"
Spotify's Ken Parks said: "To date we've paid back over a quarter of a billion dollars to rights holders - 180 million dollars in the last year alone. We're probably paying about twice that in the next twelve months. We've paid a lot of money back to the industry and in some cases we're paying half a million dollars a quarter to rights holders, so the money is real. As we scale the business, it's only going to get better".