Copyright Royalty Board Votes to Raise Publisher and Songwriter Royalty Rates

Copyright Royalty Board Votes to Raise Artist Royalty Rates

Mechanical royalties are jumping from 10.5% to 15.1% for 2018 through 2022

The word news and the Pitchfork logo

The Copyright Royalty Board has set a new rate, raising mechanical royalties for artists, as Billboard and Variety report. The new 15.1% royalty rate applies from 2018 through 2022.

The process of updating the royalty rates for the first time since 2006 has been underway since 2018. An earlier proposal recommending a raise from 10.5% to 15.1% over five years was returned for revision due to a procedural error. The proposal has since been under further evaluation and revision by the three-judge board, following another challenge from streaming platforms last year. The new ruling also broadened definitions of bundle sales for DSPs, in addition to capping label revenue. 

Earlier this year, the Union of Musicians and Allied Workers launched a Justice at Spotify campaign to draw attention to the platform’s low payout rates. Spotify launched its Loud & Clear web portal as a gesture toward transparency about payouts, following protests organized by the UMAW. 


Products You May Like

Articles You May Like

The Bennet House from the 1995 Pride and Prejudice is for Sale!
Frank Ocean Is Selling Gold and Diamond Cock Rings
Anne Heche ‘stable’ and ‘expected to pull through’ after car crash
Olivia Wilde wins first custody battle as she hits out at Jason Sudeikis’s ‘aggressive’ paper serving
South Carolina Senator Demands Book Removal; Threatens Public Library Jobs and Funding

Leave a Reply

Your email address will not be published.