Three of the top music publishing organizations inked an agreement...
Three of the top music publishing organizations inked an agreement to set royalty rates for five new categories of digital music services, the groups said Wednesday. The agreement aims to resolve the Copyright Royalty Board’s mechanical royalty rate proceedings under…
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Section 115 of the Copyright Act, said the Recording Industry Association of America (RIAA), the National Music Publishers Association and the Digital Media Association, in a joint statement. The settlement, which has not been approved by the Copyright Royalty Board, establishes a royalty rate category for mixed service bundles, paid locker services, purchased content lockers, limited subscription-based service offerings, and bundled music products. RIAA Chairman Cary Sherman said the agreement will make it easier for entrepreneurs to develop and “launch cutting-edge business models and streamline the licensing process.”