Indie label group Beggars has been assessing its streaming royalty strategy after seeing huge annual growth in income from services such as Spotify.

The UK company - which owns a stake in labels 4AD, Rough Trade, XL and Matador - previously offered UK-contracted artists a 50% split of gross streaming income, whilst warning that the model could not continue forever.

That eventuality now appears to be the case. Beggars digital director Simon Wheeler told a crowd at a Music Tank ...