In response to the #BrokenRecord campaign championed by Tom Gray of Gomez, the government commissioned research into the potential impact of a change in the way streaming pays musicians. One of the options explored was to change the streaming model to Equitable Remuneration, so licensed in the same way that radio is in the UK. Another suggestion was to introduce an Artist Remuneration Right, akin to the model in Spain.
The UK Intellectual Property Office economics team approached FFWD to write the economic evidence as to the likely implication for artists, labels, musicians, publishers, songwriters, and ultimately to the incentive to invest in the creation of new music.
The 14,000 word paper explored six deal structures under a range of market assumptions to consider the impact on return on investment for artists, the speed of recoupment, the impact on investment pools, the potential redistribution of funds to legacy artists, the administrative burdens and other unintended consequences.
You can read the report here: https://www.gov.uk/government/publications/equitable-remuneration-er-in-the-streaming-age