The Australian Recording Industry Association (ARIA) has called for the government to impose new licensing requirements for music companies, following the loss of more than half of their sales in the past 12 months.
ARIA chief executive Ian Watson said the loss in revenue was a “clear warning signal that digital music is not going away”.
“It’s a clear sign that digital piracy is still there and will continue to be there,” Mr Watson said.
“And we’re just seeing a lot of these things happen over the last couple of years, and it’s just going to get worse and worse.” “
Mr Watson urged the government and music industry stakeholders to make sure digital music companies did not continue to exploit this situation. “
And we’re just seeing a lot of these things happen over the last couple of years, and it’s just going to get worse and worse.”
Mr Watson urged the government and music industry stakeholders to make sure digital music companies did not continue to exploit this situation.
“Digital music needs to be treated as a digital asset, and to be subject to a licensing regime,” he said.
ARI president and CEO Ian Watson says the loss from digital music piracy is a “clash of titans”.
Photo: James Brickwood ARI chairman and chief executive James Brickwoods said the “possibility of further losses and other problems” had not deterred music industry representatives from continuing to support new licensing arrangements.
Mr Watson called for a “meaningful” agreement with the music industry to address copyright infringement, saying the industry should be “more transparent” about what it does with the profits it makes.
He said the lack of clarity on how to regulate digital music would leave consumers vulnerable to being ripped off.
ARIs chief executive said there was “a clear and pressing need for an independent, robust licensing regime”.
“The Australian public deserve to know the details, and they should be informed by the industry about the details,” he added.
The music industry’s annual report shows it made $1.8 billion from digital royalties in 2017, a rise of more $3 million from 2016.
The industry had already said it was struggling to recover lost revenue due to piracy and a slowdown in sales.
ARIES chief executive says industry is “on the back foot” with digital music revenue.
Mr Brickwoods called for new licensing regulations to ensure that the “entire digital music industry is a sustainable and sustainable business”. “
It doesn’t make sense for the music business to continue to have these big losses and this continued deterioration in the revenue stream, and for us to continue as the only industry that can provide the best possible digital music experience for Australians.”
Mr Brickwoods called for new licensing regulations to ensure that the “entire digital music industry is a sustainable and sustainable business”.
“That’s why we have to have a licensing system that works for everyone,” he told ABC Radio Melbourne’s Weekend.
ARI CEO says digital music needs licensing regime. “
We’ve got to be proactive about what we do and why we do it, and make sure that the revenue that we get from our business is going to pay for that revenue to be used in the best way for our industry.”
ARI CEO says digital music needs licensing regime.
Photo of Arrivals ARI chief executive Mr Watson also warned the music sector was not able to take a clear stand on whether or not it should be regulated like other industries, such as insurance.
“There’s not a clear position about whether the industry can have its own industry-regulated sector or whether it should have a regulatory role,” he argued.
“As long as it’s an industry-led industry, we can’t be in the same position.”
He said there were lessons to be learned from the music industries failure to secure a safe harbour for digital music and to support the Australian Recording Institute and the Australian Music Publishers Association.
Mr Brickwood said he hoped the industry would continue to fight for more licensing arrangements, but noted that the industry had to be “tough” on copyright infringement.
He also noted the industry’s lack of investment in digital infrastructure, such a cloud computing platform.