Mind the (Value) Gap

In this episode of Musonomics: how is it possible that more people are listening to music than ever, but musicians are earning less? Larry Miller of NYU Steinhardt talks to musician, indie label owner, and festival producer Miranda Mulholland and Graham Henderson, the president and CEO of Music Canada, about the "value gap" – the growing mismatch between the value that user upload services, such as YouTube, get from the music used on their services, and the revenue that is then returned to songwriters, performers, and record labels – and what is being done to address this issue, which the international recorded music organization IFPI considers the biggest threat to the future sustainability of the industry.