The Copyright Royalty Board has set a brand new fee, elevating mechanical royalties for publishers and songwriters, as Billboard and Selection report. The brand new 15.1% royalty fee applies from 2018 by means of 2022.
The method of updating the royalty charges for the primary time since 2006 has been underway since 2018. An earlier proposal recommending a increase from 10.5% to fifteen.1% over 5 years was returned for revision on account of a procedural error. The proposal has since been underneath additional analysis and revision by the three-judge board, following one other problem from streaming platforms final 12 months. The brand new ruling additionally broadened definitions of bundle gross sales for DSPs, along with capping label income.Â
Earlier this 12 months, the Union of Musicians and Allied Employees launched a Justice at Spotify marketing campaign to attract consideration to the platform’s low payout charges. Spotify launched its Loud & Clear net portal as a gesture towards transparency about payouts, following protests organized by the UMAW.Â
