Government Statement
With pleasure I announce today an important milestone: UK record labels have agreed to new measures that will boost the earnings of legacy artists, songwriters and session musicians. The Government’s progress with industry on the remuneration of artists in the music sector is key to our economic future as well. Our new music growth package will more than double Government funding for the industry to £10 million annually for the next three years. Central to this are new principles adopted by the British Phonographic Industry and the Association of Independent Music, which will deliver tens of millions of pounds of new investment to support UK artists by 2030. This includes disregarding unrecouped advances, bespoke support to increase streaming engagement, per diem payments for songwriters, increased session fees for musicians, and a commitment to reviewing their income from broadcast and public performance.