In a open letter to the 45th President of the United States, Donald Trump, nineteen music industry organisations came together to highlight the “value grab” that some organisations such as YouTube, Google and Facebook have thrived on.
This “value grab” as explained in the letter as “perversely abusing U.S. law to underpay music creators, thus harming one of America’s economic and job engines.”
This boils down to some organisations offering free music on their platforms; music videos are the most watched videos on YouTube. The letter argues that it is this exploitation that is enabling the growth of the technology and corporate platforms at the expense of the music industry.
The nineteen music industry organisations that include amongst others the Recording Industry Association of America, ask Donald Trump to pass laws to strengthen intellectual property laws to seek fair compensation on behalf of the American music industry.
The letter explains further that, “Surely the world’s most sophisticated technology corporations can do better – by helping to prevent illegal access and paying fair market value for music with prices set by or based on the free market.”
It has to be seen if the call from the American music industry will close the “legal loopholes” that some of the biggest online platforms thrive on. It may be music to the industry’s ears but Lawdit is sure that the likes of Facebook, Google and YouTube will not be hearing the same symphony.