ARTISTS CALL ON THE EU TO FIX THE VALUE GAP
Brussels, 30th June 2016
Artists call on the EU to fix the value gap
Over 1,000 artists (update: new signatories have been added, the list now numbers almost 1,300 artists) have written to EU President Juncker asking him to close what is known as the “value gap” (see letter and list of artists here). Artists across the world are increasingly vocal about YouTube and other platforms “siphoning value”.
The European independent label body IMPALA commented: “The voice of artists in Europe is key and it’s great that more and more are speaking out. We look to Europe to take the lead. The value gap is costing millions and it is essential to address it to ensure proper value along the chain”, said Helen Smith, Executive Chair.
IMPALA underlines that the most efficient way to address the value gap is through a legislative solution clarifying the current copyright regime.
As with the WIN Declaration two years ago, the independent sector has committed to sharing that value with artists and is currently looking at options to broaden the scope of the WIN Declaration commitments, including in terms of transparency and alignment of interests which artists have also flagged as key issues.
IMPALA also emphasises the importance of platforms “playing fair as well as paying fair”. With the independents accounting for over 80% of all new releases in Europe today, it is essential that the EU makes sure platforms can’t discriminate. “All artists are born equal and we look to the EU to make sure that means something in a world where dominance takes on a totally new dimension” added Helen Smith.
IMPALA was established in April 2000 to represent independent music companies. 99% of Europe’s music companies are SMEs. Known as the “independents”, they are world leaders in terms of innovation and discovering new music and artists – they produce more than 80% of all new releases and account for 80% of the sector’s jobs (for more information, see the features of independents). IMPALA’s mission is to grow the independent music sector, return more value to artists, promote cultural diversity and entrepreneurship, improve political access and modernise perceptions of the music sector.
To celebrate IMPALA’s 15th anniversary, various initiatives are taking place across Europe under the “IMPALA 15” banner, including special editions of the IMPALA awards and events at industry gatherings such as Amsterdam Dance Event, Eurosonic Noorderslag, Tallinn Music Week, Westway Lab, Primavera, Midem, Reeperbahn etc. See the organisation’s key achievements in IMPALA’s first 15 years in milestones.
IMPALA – Independent Music Companies Association
Coudenberg 70, 1000, Brussels, BELGIUM
+32 2 503 31 38