Will Spotify and Apple Music soon be forced to jack up their prices?

It’s widely known that musicians get paid fractions of a penny for their streamed songs on Spotify, Apple Music, Pandora, and other streaming services. 

In fact, UC Irvine media studies professor Peter Krapp told Mashable it would take about 4 million Spotify streams for a songwriter to make minimum wage in California over the course of a month. 

But this past weekend, the U.S. Copyright Royalty Board ruled that songwriters must be paid more for their songs. 

Now, streaming companies must pay 15 percent to music publishers, the largest portion in history (and a 43 percent increase).

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