Beggars Group has just announced they will stop splitting streaming revenues with artists 50/50.

“A record company such as us, needing to provide the services we do, cannot survive even paying artists 50% of net core income, let alone 50% of gross as we have been doing,” he tells Billboard.

“As streaming becomes core income, it has to bear its share of all our costs: A&R, overhead, marketing, promotion, back office services, etc.” Mills says that Beggars artists will now be getting “less than 50%, but significantly more than the regular royalty rate“, although he suggests that the rate could change again in the future: for example if streaming becomes 100% of the market.

Thus, you can expect major labels and now independent labels to also screw you on streaming revenues. Why use them when you could keep 85% of your streaming royalties by using RouteNote?