Packed DIMA Event in Santiago Spotlights How Music Streaming Supports Creators and Pays Out Royalties
May 7, 2026 | Press Releases
FOR IMMEDIATE RELEASE
CONTACT: media@dima.org
SANTIAGO, CHILE – Leaders from Congress, Government, industry, and the diplomatic community convened at the Ritz-Carlton Santiago for a high-level discussion on the economic and cultural impact of music streaming across Latin America, underscoring the region’s importance to the global music ecosystem and the policy frameworks needed to sustain its momentum.
Hosted by the Digital Media Association (DIMA) in partnership with the American Chamber of Commerce Chile (AmCham), the event explored how streaming has transformed music consumption, expanded opportunities for local artists, and driven economic growth throughout the region.
Opening the program, DIMA President and CEO Graham Davies said: “Chile is among the top 30 most relevant music markets globally and growing fast. Streaming now accounts for almost 90% of the total Chilean recorded music revenues, and streaming services pay around 70% of all revenues to labels, publishers and collecting societies. These organizations are then responsible for paying the artists. For this success story to continue in Chile, we need a stable regulatory, legal, and business environment for our members that supports future investment.”
The importance of a stable trade environment was a key theme of the event. This was underscored by remarks from Chris Hunnicutt, Economic Unit Chief at the U.S. Embassy in Santiago, and in the panel discussion, which included Cristóbal Lea-Plaza of Google, Karen Duque of Spotify, and Ricardo Aranda of record label body IFPI and was moderated by AmCham Board member Andrés Roepke. Panelists also highlighted how artists from across Latin America are reaching unprecedented international audiences, with streaming serving as a critical bridge between local creativity and global demand.
The event highlighted the value of ensuring that any new regulation is consistent with existing trade commitments, helps strengthen the current collaborative ecosystem, and seeks to improve local artists’ access to the global market.
Throughout the event, there was broad agreement on the need for constructive engagement between governments and industry.
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ABOUT DIMA
DIMA is the voice of music streaming advocating for the digital music innovations that have created unparalleled consumer choice and revolutionized the way music fans and artists connect. Representing the world’s leading music streaming companies and streaming innovators, DIMA’s mission is to promote and protect the ability of music fans to engage with creative content whenever and wherever they want and for artists to more easily reach old fans and make new ones. www.dima.org