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In an open letter to Government, more than 150 UK music artists are demanding reforms to the laws governing streaming revenues. Bobby Owsinski thinks they are misguided.

You can probably divide music artists into two categories - those who are business savvy and those who are not. The business savvy ones are very aware of what’s in their their contracts and keep track of the latest music business trends. The others tend to read the headlines but misinterpret the kernel of truth in the online articles they read. As a result you get a letter that UK artists sent to Prime Minister Boris Johnson asking for streaming royalty reform - sort of.

The bottom line of the letter is that the artists and songwriters want a larger share of streaming royalties than what they’re currently receiving. While that sentiment is completely understandable, I must admit I scratched my head somewhat after reading and re-reading the letter, which you can see below... Keep reading on Forbes.