Living Wage for Musicians Act of 2024

HR 7763, the Living Wage for Musicians Act of 2024, establishes a new Artist Compensation Royalty Fund to provide payments to musicians based on streaming activity. Streaming platforms (service providers) must charge subscribers an additional $4-$10 fee per subscription (50% of the subscription fee, subject to min/max limits), with 10% of non-subscription revenue also contributed to the fund. Funds are distributed as follows: 90% to "featured artists" (e.g., lead singers) based on their share of qualifying streams, and 10% to "non-featured artists" (e.g., session musicians) via existing union funds. The bill directly affects streaming services (which collect the fee) and musicians (who receive payments based on verified streaming data).