Roger Daltrey thinks the music industry has been “stolen” from artists.
The 78-year-old Who frontman believes musicians are being ‘robbed blind’ by their record labels, which have far less to do in the digital age but still take the same percentages, and by services streaming services, which pay low royalties.
He said: “Musicians can’t make a living in the record industry anymore. It’s ridiculous, and they’re being blindly robbed by streaming and record companies, because the old deals with the record companies that existed in the 70s, 80s and 90s, they still work on the same percentage breaks.
“And of course they don’t do any work. They just press a button and it comes out digitally, whereas before they had to manufacture, they had to distribute, they had to do all of that stuff. They’re screwin’ everything and taking all the money, and the musicians get nothing.
“Our music industry, I think, has been robbed.
“I think we really have to worry when young musicians can’t make a living writing music. The streaming companies pay so little at first and then the record companies take 85, 90% of that. You have need a billion streams to gain 200 pounds, that’s the reality.
“We gave away our music industry to a lot of foreign companies, and the money doesn’t come here anymore. We used to run the world in this, pay a lot of taxes. It’s terrible.”
In 2012, the “Won’t Get Fooled Again” hitmakers sold the publishing rights to their catalog for a rumored $100 million because they didn’t want to cause legal trouble when they died.
Roger told the Independent newspaper: “Who wants to leave a family with that kind of headache?
“B***** that, sell everything! … We got the money and spent it.”
Despite his advanced age, the veteran rocker has no desire to retire.
He said: “I’ve always said about this business, ‘You don’t give up on it, it gives up on you. I’ll do it for as long as I can, but one day it’ll fail me and I won’t be able to do it anymore. As simple as that; I don’t apologize.