IMPF statement on streaming fraud
06 September 2023 - Press releaseIn a statement responding to the report of Svenska Dagbladet (Sweden) on criminal gangs using fake Spotify streams to launder money, IMPF said;
"Reports that suggest streaming fraud is funnelling significant revenue towards the activities of organised crime are incredibly disturbing and increase pressure on streaming platforms to stamp out the practice as a matter of urgency. Fraudulent streams have been a growing problem for some time now, with the recent French Study (Centre National de Musique) estimating they could make up 3 % of all streams - a figure that represents only those streams which the services can actually detect. Not only are independent publishers and legitimate music companies suffering financial damage as a result, but the suggestion that this issue is aiding and abetting violent criminals means it must become a critical priority for streaming services."
IMPF (Independent Music Publishers International Forum) is the global trade and advocacy body for independent music publishers. IMPF helps to stimulate a more favourable business environment in different territories and jurisdictions, for artistic, cultural, and commercial diversity for songwriters, composers, and music publishers everywhere. Its membership comprises 200+ independent music companies worldwide. www.impforum.org
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