Streaming services propose “lowest royalty rates in history” for songwriters
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nme.comSpotify, Apple, Amazon, Pandora and Google have petitioned for the lowest royalties to date for 2023-2027.His comments to Music Business Worldwide (MBV) last week (October 14) preceded filings to the US Copyright Royalty Board (CRB), which sets the mechanical royalty rates paid by streaming services to songwriters and publishers.
Under the US’ Copyright Act, Copyright Royalty Judges are required to conduct proceedings every five years to set new rates.The current proceedings, for the Determination of Rates and Terms for Making and Distributing Phonorecords (Phonorecords IV) – also referred to as CRB IV – are organised to set songwriter streaming royalties for the period 2023-2027.Israelite has claimed that streamers have put forward the.
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