Songwriters Organize New Guild to Take Bigger Piece of Streaming Pie

Hipgnosis CEO Merck Mercuriadis, whose fund invests in publishing rights and would benefit from higher payouts, says he already has hundreds of songwriters on board for a guild he’s planning similar to Hollywood’s Writers Guild of America. “There’s no secret the songwriter is the worst-paid person in the equation,” says Mercuriadis. “No negotiation should ever take place that affects how a songwriter is paid that doesn’t have the songwriter represented in the negotiation.”

Source: Songwriters Organize New Guild to Take Bigger Piece of Streaming Pie

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