Published on 4th December 2016 06:00 AM
Punters cheer at the 2016 Glastonbury Festival. Revenue from live performances is growing
When radio became popular in the 1920s, many believed this was the end for recording artists and live music. Suddenly, music was being played with no compensation or income streams available. Record companies worried that sales would drop. Venue owners believed people wouldn’t go out and see live music any more. Musicians’ Unions and Performing Rights Associations fought for compensation and a slice of radio advertising revenue. This is a complex story to summarize; but it took nearly 15 years to implement new copyright and royalty models for musicians.