Get all your news in one place.
100’s of premium titles.
One app.
Start reading

AFM Pushes For Residual Payments In Streaming Music Industry

AFM seeks residuals for streaming work to ensure financial stability.

Contract negotiations between the American Federation of Musicians (AFM) and the Alliance of Motion Picture and Television Producers have resumed, shedding light on the evolving landscape of employment for industry musicians in film and TV. AFM musicians are seeking residual payments for their work on streaming original series and movies, a demand that is central to the ongoing negotiations that began on Jan. 22.

Statistics from AFM Local 47 reveal a significant shift in the type of projects musicians are working on. The percentage of work from theatrical films and traditional TV has declined over the years, while recording music for streaming originals has seen a substantial increase.

One of the key concerns for musicians is the decline in residuals, which have traditionally provided financial stability and even retirement income. Without residuals for streaming shows, musicians are facing financial challenges, with average wages falling below the local poverty line for those working on streaming originals.

AFM officials emphasize the importance of residuals as a critical component of musicians' compensation, particularly for veteran musicians who rely on them for long-term financial security. The lack of residuals for newer musicians entering the industry puts them at a disadvantage and hampers their ability to sustain a career.

Industry professionals, including composers, highlight the essential role that musicians play in enhancing storytelling through music. They emphasize the unique contributions that musicians bring to film scores, underscoring the human connection and emotional depth that music adds to visual storytelling.

The AFM is advocating for fair treatment and recognition of musicians' value in the industry, emphasizing the need to address the economic challenges faced by working musicians. The ongoing negotiations signal a potential shift in how musicians are compensated for their work on streaming platforms, reflecting a broader conversation about the evolving landscape of the entertainment industry.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.