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 via 2022.
The method of updating the royalty charges for the primary time since 2006 has been underway since 2018. An earlier proposal recommending a elevate from 10.5% to fifteen.1% over 5 years was returned for revision resulting from a procedural error. The proposal has since been beneath additional analysis and revision by the three-judge board, following one other problem from streaming platforms final yr. The brand new ruling additionally broadened definitions of bundle gross sales for DSPs, along with capping label income.
Earlier this yr, the Union of Musicians and Allied Staff 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.