78.9 F
New York
Friday, July 12, 2024
HomeNewsLegalCopyright Royalty Board Finally Sets US Streaming Royalties

Copyright Royalty Board Finally Sets US Streaming Royalties

Date:

Related stories

Homeless Hell: The Camp That Could Kill Rock History

Sunset Studio, one of the few remaining recording studios in Hollywood after many closed due to high costs and new technologies, faces a danger worse than a single wild rock star. Sunset Sound’s three studios have produced more than 300 gold records but they could be ruined by a filthy homeless camp next to the building. Garbage is stacked high, needles and pipes are scattered on the ground and homeless people use the street as a toilet.

TikTok vs Universal Music and The Music Businesses Coming of Age

Well, it’s definitely been an interesting few weeks, looking across the ballfield of TikTok vs Universal Music. What is heartening to see is that major labels such as Universal Music seem to have finally learned from previous mistakes made initially in the 1980s. 

Unleashing Chaos: How To Get Free Music- And Why The Music Industry Can’t Stop It

The same platform that brought you cat videos and cringe-worthy influencers is now the go-to place for snagging every song imaginable. Thanks to some clever websites, you can rip the audio from any YouTube video, download it as an MP3 or .wav file, and sail the seas of free music. No subscriptions, no ads, no hassle.

February Round-up: Four music events to attend

Winter holidays have passed quickly, and there are the...

Pitchfork Effect

Last week, media company Condé Nast revealed its plan...

This week the Copyright Royalty Board made its initial determination regarding the Phonorecords III proceeding, which spans from 2018 to 2022.

 

The document covers several aspects related to royalty payments for digital music services. It begins by defining different categories, including Eligible Interactive Streaming, Eligible Limited Downloads, Limited Offerings, Mixed Service Bundles, Bundled Subscription Offerings, Locker Services, and Other Delivery Configurations.

It then proceeds to outline the scope of these categories that focuses on royalty rates and calculations, explaining how these rates are determined based on revenue and expenses associated with each offering.

Additionally, it introduces royalty floors, which establish minimum royalty amounts for specific types of offerings. These floors ensure that a guaranteed baseline royalty is provided. The calculation process involves determining the all-in royalty, subtracting performance royalties, determining the payable royalty pool, and allocating royalties to individual musical works.

Minimum Rates:

For a subscription service where you can only stream music on a non-portable device with an internet connection, the minimum royalty payment per subscriber is 15 cents per month. This applies to the period from January 1, 2018, to December 31, 2022.

If the subscription service allows you to listen to both streamed and downloaded music on a non-portable device, the minimum royalty payment per subscriber is 30 cents per month.

For a subscription service that lets you listen to streamed and downloaded music on a portable device, the minimum royalty payment per subscriber is 50 cents per month.

In the case of a bundled subscription service offering multiple services, the minimum royalty payment is 25 cents per month for each active subscriber.

This five-year-long process has defined various categories and outlines the calculation of royalty rates based on revenue and expenses. The introduction of royalty floors ensures a minimum baseline royalty for specific types of offerings, providing fair compensation to

Is this man happy? What do you think?

creators. The minimum rates set clear standards for subscription services across different device and content configurations. This goes a long way in establishing a foundation forequitable compensation and paves the way for a sustainable future in the music industry.

So, is Lucien Grainge happy now? I would guess not.

 

Author

  • Wayne Rosso

    Wayne Rosso has worked in music and technology for decades. He has worked with such artists as Aerosmith, Bee Gees, Crosby, Stills & Nash, Public Image LTD., Beach Boys, Phillip Glass, Fleetwood Mac, Rick James, New Kids on the Block, Slash, Evanescence and scores of others.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here