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Sunday, February 4, 2024

Songwriters Could Get a 32% Improve In Mechanical Royalties for Downloads and Bodily Merchandise – EDM.com

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The Copyright Royalty Board has reportedly been requested by main rights holders and publishers to extend mechanical royalties for bodily merchandise by 32%.

This enhance would elevate the mechanical royalty price from 9.1 cents to 12 cents per observe for bodily merchandise (CDs, vinyl), downloads, ringtone, and music bundles, per Selection. The 9.1 cents price was set again in 2008 initially of the Phono IV course of, which includes royalties for each bodily and digital codecs.

Supporters of the movement to the CRB, who requested a rise to fifteen cents, included main label members of the Recording Trade Affiliation of America (RIAA), the Nationwide Music Publishers Affiliation (NMPA), and the Nashville Songwriters Affiliation Worldwide (NSAI). It might mark a significant win for songwriters in the US and is at the moment awaiting approval by the CRB.



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