The Mechanical Licensing Collective expects another $10 to $15 million to be added to the total once additional reports come in from DSPs.
The trade group's new president/CEO, Graham Davies, intends to use his background to find areas of “common ground” in order to best navigate artificial intelligence.
The Copyright Royalty Board has granted songwriters and publishers a royalty bump starting in January.
The company sharply cut its expected retroactive royalty payments. Competitors are confident they won’t follow suit.
The complicated process of readjusting royalties owed for the 2018-2022 will include settling over- and under-payments.
Not to be confused with Phonorecords IV, covering royalty rates for the 2023-2027 term, which were approved last year.
The determination sets inflation-adjusted rates at $.0026 per paid subscription stream.
The Copyright Royalty Board issued its final determination for Phonorecords III, setting a countdown to to rectify now-incorrect payments for the last five years.
A2IM president Richard James Burgess believes problems with the current rate-setting process fall disproportionately on independent creators and companies.
The Copyright Royalty Board has issued its initial determination in the five-year long Phonorecords III proceeding.
