"Slaps" is a funny way to put it. The rates are for anyone, and were up for negotiation; it's not like they would have gone down, given the growth in streaming.
The market reacted well (eventually) to the slap, in any case.
The market reacted well (eventually) to the slap, in any case.
As streaming cannibalizes other, more profitable, pieces of the revenue pie, the copyright holders want a larger share of the streaming portion to offset those loses.