There already are compulsory licensing schemes that work like this. For example, in the United States, there are “mechanical licenses” [1] available by statute for streaming and downloaded music recordings. In practice, most big platforms negotiate with a rights organization or with the artist directly[2], but the statutory rate operates as a price ceiling.
One big problem with compulsory licensing is that rights organizations that manage the payment of royalties often become very powerful themselves and are sometimes seen as copyright bullies. For example, ASCAP, which represents composers and licenses musical compositions rights, pursued the Girl Scouts for unlicensed singing of campfire songs. [3]
One big problem with compulsory licensing is that rights organizations that manage the payment of royalties often become very powerful themselves and are sometimes seen as copyright bullies. For example, ASCAP, which represents composers and licenses musical compositions rights, pursued the Girl Scouts for unlicensed singing of campfire songs. [3]
[1]: https://www.copyright.gov/licensing/m200a.pdf
[2] example: https://www.theguardian.com/business/2018/nov/24/taylor-swif...
[3]: https://www.nytimes.com/1996/12/17/nyregion/ascap-asks-royal...