The Wall Street Journal cited research by Manatt’s Jordan Bromley, a partner in the firm’s music practice, in an article highlighting the challenges that songwriters are facing in the music industry.
The publication interviewed Universal Music Publishing Group CEO Jody Gerson on the Music Modernization Act, which defines compensation for songwriters. The article featured a graphic from Bromley’s research that breaks down the profits from Spotify revenue, with the largest share of 52 cents per dollar going to sound recording owners and record labels, while the publisher or songwriter receive only 6 cents per dollar of mechanical royalties and a share of 6.1 cents per dollar for performance fees.
To view Bromley’s full infographic, click here.
Read the article here.