Government Orders Massive Increase in Streaming Rights Fees

Government Orders Massive Increase in Streaming Rights Fees

Even so, that still represents "the most favorable balance in the history of the industry", said David Israelite, president of the music publishers association.

Mechanical royalties are due whenever someone makes a copy of a song. Writers and publishers have argued for years that the existing process unfairly slants the marketplace and does not pay fairly for digital music. "This is the best mechanical rate scenario for songwriters in USA history which is critically important as interactive streaming continues to dominate the market", NMPA CEO David Israelite said in a statement.

Songwriters will now also be allowed to claim late fees if they are not remunerated in good time.

USA law requires the CRB to set the rates for mechanical licences as opposes to letting publishers negotiate directly with the streaming services. 2022, the percentage of revenues owed songwriters increases to 15.1 percent from 10.5 percent.

More news: Sanofi announces takeover of Ablynx
More news: "That's What I Like" wins Grammy for Song of the Year
More news: Some Lawmakers Are Weighing Legislative Protection For Robert Mueller

"The CRB was a long and hard process but songwriters and music publishers together presented a powerful case for higher streaming royalty rates".

The one extra thing that the music publishers had been hoping for was a per-stream rate as well as the revenue share rate. On Saturday, the CRB announced that songwriters will get a pay raise from streaming service for the next five years.

Songwriters scored a victory over technology companies as a United States court ruled to give them a larger cut of the boom in music streaming. "Songwriters desperately need and deserve the rate increases", said Bart Herbison, executive director for the Nashville Songwriters Association International, another trade group.

The board, which consists of three judges, held a trial a year ago in which the trade group squared off against Spotify, Apple, Alphabet Inc (GOOGL.O), Pandora Media Inc (P.N) and Amazon.com Inc (AMZN.O), which had opposed NMPA's proposed rate increase. We thank the songwriters who shared their stories with the court and helped illustrate how badly these rate increases are needed.

Related Articles

  • Isaiah Thomas Denies Calling Out Kevin Love in Heated Team Meeting

    Isaiah Thomas Denies Calling Out Kevin Love in Heated Team Meeting

    Thomas said he has known Love since fifth and sixth grade and there is no bad blood with the Cleveland Cavaliers . In the press conference, Thomas said that an undue amount of blame is passed onto him and he doesn't deserve it.

    Patriots TE Rob Gronkowski returns to practice on Saturday

    Concussions are risky injuries, but they are also unique injuries, in that the timeline is different for different players. But at this point he is likely to play, and Saturday's practice was another step towards that scenario.
    Newcastle United reportedly need to fork out more money to sign striker

    Newcastle United reportedly need to fork out more money to sign striker

    The Mirror claimed on Sunday that Newcastle had renewed their interest in Iheanacho, who shunned them to join Leicester in a £25m deal in August.
  • Taoiseach will campaign to 'liberalise' abortion laws

    His boss, Finance Minister Pascal Donohoe, has indicated support for repeal and allowing unrestricted abortion up to 12 weeks. That followed recommendations from members of the Citizens' Assembly to liberalise the law on terminations.

    Tom Brady's Patriots Send Off Will Give You Chills

    Remember, though, that the tiring Falcons had an 8-point lead and were within easy field goal range as the clock ticked down. Still, none of that prevented the Patriots from clawing back from a double-digit deficit in the fourth quarter.
    MLS sets ceremony to announce Beckham's Miami franchise

    MLS sets ceremony to announce Beckham's Miami franchise

    Hundreds of free tickets to the event were snapped up within hours of being made available, MLS said on Sunday. MLS officials said even then they hoped to announce the team's official inclusion into MLS last summer.
  • Why you should file your taxes sooner rather than later

    Why you should file your taxes sooner rather than later

    Under the tax law, legal holidays in the District of Columbia affect the filing deadline across the nation. The Internal Revenue Service will begin accepting tax returns starting Monday, January 29 until April 17.
    Cleveland Indians to drop Chief Wahoo logo from uniforms

    Cleveland Indians to drop Chief Wahoo logo from uniforms

    The Indians' bid to host the 2019 All-Star Game, which it was ultimately awarded, further heightened debate over Wahoo. The ruling allowed the Indians to keep the uniforms that displayed the logo while the team played in Toronto.
    Pistons make Avery Bradley available in trade

    Pistons make Avery Bradley available in trade

    Bradley, 27, now makes $8 million per year, but could rake in almost three times that amount on the open market this summer. He has missed time with groin and hamstring injuries, and he didn't play in Sunday's 121-104 loss to the Cavs.
  • Microchip Technology (MCHP) Downgraded by BidaskClub

    Northwest Inv Counselors Ltd Liability reported 8,879 shares stake. 25 funds opened positions while 43 raised stakes. (NYSE:MHK). On Tuesday, August 22 LITTLE MITCHELL R sold $195,799 worth of Microchip Technology Incorporated (NASDAQ:MCHP) or 2,391 shares.
    List of winners in top categories at the Grammys

    List of winners in top categories at the Grammys

    Leonard Cohen's song " You Want It Darker " won a Grammy for best rock performance . "For me, 95 percent of music is about love". Mars previously won Record of the Year two years ago as the featured artist on Mark Ronson's equally giddy "Uptown Funk".
    Assassin's Creed Origins gets a new game plus mode

    Assassin's Creed Origins gets a new game plus mode

    While the game will get ongoing free updates, its first premium expansion released last week in the form of The Hidden Ones . But, if you're craving a reason to play even more of Origins , soon there will be a ruddy good reason to.