![]() The European Commission’s forthcoming review of copyright legislation can fix this profound market distortion by clarifying the appropriate use of safe harbours. “Right now there is a unique opportunity for Europe’s leaders to address the value gap. These protections were put in place two decades ago to help develop nascent digital start-ups, but today are being misapplied to corporations that distribute and monetise our works. This is because, while music consumption is at record highs, user upload services are misusing “safe harbour” exemptions. “The value gap undermines the rights and revenues of those who create, invest in and own music, and distorts the market place. ![]() It threatens the survival of the next generation of creators too, and the viability and the diversity of their work. It continues: “This situation is not just harming today’s recording artists and songwriters. ![]() It then attacks the “substantial ‘value gap’ caused by user-upload services such as Google’s YouTube that are unfairly siphoning value away from the music community and its artists and songwriters”. The European letter, co-ordinated by IFPI and IMPALA, informs President Juncker that streaming has ushered in a “pivotal moment for music”, with “consumption exploding”. MBW can today reveal the full list of 1,000+ artists who signed the EU letter to President Juncker, with names ranging from some of the biggest artists on the planet to barely-heard-of new talent. These names appeared in addition to a number of acts who signed both letters, including Sir Paul McCartney, Sir Elton John, Lady Gaga and Pete Townshend. At the end of last week, a similar letter was sent to European Commission President Jean-Claude Juncker and other key EU Commissioners, this time undersigned by no less than 1,000 artists, including Ed Sheeran, Coldplay and ABBA.
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