The year 2015 was a great one for the British music industry.
The British artists had a bigger share in the global music industry.
Today’s market gets music in a number of ways such as audio and video streaming to any other old-fashioned vinyl.
The trade body the BPI has released its annual compendium of music industry statistics – and is using the opportunity to throw a few rocks at Google, the tech company it has long blamed for many of its problems.
Sometimes back, the company used to blame the search firm for failing to prevent people from getting illegal copies of the music instead of paying for the genuine song. It has now turned its attention to YouTube, which is now a source of music for millions all over the world.
The Chief executive Geoff Taylor says that YouTube is growing because of music but they are not willing to share these profits with the creators of the songs.
However, most of the songs that feature on YouTube are there because Vevo has uploaded them. Vevo is a company that the labels created. Therefore, could the problem be that the labels are not strong enough in negotiating a stronger deal with Google, the YouTube owner?
But Taylor is of the opinion the Safe Harbours is the problem. This an American and European legislation that protects technology platforms not to be sued in case their users upload material that has been copied.
What that means is that the labels operate under the mercy of the technology firms. If they do nat take the deal that is on the table their music will still be uploaded and they will have earned no cent from it.
Safe Harbour has led to numerous battles between the tech firms and the music industry.
YouTube has taken a strong stand that it cannot be compared to Spotify – a low paying firm as per the artists.
Google wants the music industry to see YouTube as a great promotional tool for bands new and old – a bit like radio – rather than a revenue centre.