With the rise streaming music, SAG-AFTRA members have simply voted to verify they receives a commission.
Following months negotiations, SAG-AFTRA reached an settlement with the main labels in October. Now, in nationwide vote accomplished earlier in the present day, members the performers union have accepted the settlement.
The new SAG-AFTRA Sound Recordings Code covers sound recordings on digital, CDs, and vinyl. It additionally contains all music codecs, together with audiobooks, solid albums, and another sound recordings using vocal performances. The deal applies to artists who work at scale and overscale, and seem as royalty and non-royalty artists.
Highlights the brand new contract embrace annual minimal wage will increase and elevated contributions to well being and retirement plans. Minimum wage will enhance three% on January 1st, 2019. It will enhance 2.5% on December 31st, 2020. Health and retirement contributions will rise 13% beginning July 1st, 2019.
SAG-AFTRA additionally fought for considerably elevated contributions on funds from on-line streaming music providers.
The portion world streaming funds topic to well being and retirement contributions will rise to 50%, up from 15%.
The performers union may also streamline the licensing and performer fee processes for international licenses. This contains tracks licensed into commercials. In addition, the international conventional use conversion price for many licenses has risen from three% to four%. This contains considerably elevated minimal and most funds.
The new settlement, retroactive efficient January 1st, 2018, expires on December 31st, 2020. Major labels coated by the settlement embrace Warner Bros. Records, Atlantic Recording Corporation, Sony Music Entertainment, Universal Music Group Recordings, Capitol Records, and Hollywood Records (Disney). Those models all fall underneath the ‘huge three’.
Speaking on the vote, Gabrielle Carteris, President SAG-AFTRA, mentioned,
National Executive Director David White added,