IPO PUBLISH TRANSPARENCY CODE

Kim Bayley, CEO of ERA said “ERA and its members welcome the publication of the Music Streaming Transparency Code, which we have been fully engaged in developing alongside our partner organisations representing artists, songwriters and all areas of the music business. Reaching such an agreement required hard work and compromise on all sides, but everyone involved can be proud of what has been achieved, a world-first which will support creator understanding of the fast-evolving royalty landscape. A transparent relationship between creators and DSP’s will help drive continued innovation in music models and the growth of the UK music subscription streaming market, which saw an 9.8% increase in value to £1.87bn in 2023.”