From emerging challenges like artificial intelligence to new forms of piracy, it’s more important than ever for all stakeholders in the business to present a united front.
In 2021, we saw a landmark Copyright Directive in the European Union to strengthen music markets and fair pay for artists on all platforms.unrecouped balances owed by certain legacy performers, ensuring these great artists could immediately share in streaming royalties.
Artists continued to find new ways to reach more fans than ever with do-it-yourself recording and distribution, while independent labels have become thesector of the market. In a shrinking online world where language and geography are no longer barriers, an artist’s potential audience has become almost limitless.
The labels that make up the RIAA are committed to a future of continued shared growth. We are determined to keep pushing for even more positive change. And we will work every day in this new year to unite our music community with forward-looking policies and goals that benefit artists, songwriters and fans as well as rights holders and music services.
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