New Increased Inflation Adjusted Royalty Rates for Webcasting
Webcasting royalties have gone up. The Copyright Royalty Board has announced new rates and administrative terms for digital performances of online sound recordings by nonexempt, non-interactive transmission services, such as Pandora, SiriusXM, and iHeartRadio.
What Are Royalties?
Copyright laws protect the creative rights of songwriters, authors, composers, and other creative professionals. The music industry relies heavily on royalties as payment for their artists—songwriters and performing artists.
Royalties are payments made by streaming platforms and the like to musicians or writers in exchange for the right to use their intellectual property.
A specialized lawyer, who is experienced in handling legal issues in the music industry, can help you gain insights into license requirements, copyright laws, and all kinds of royalties, including webcasting royalties.
Our experienced music lawyers at Chase Lawyers can ensure you get fair treatment and protection for all your creative endeavors in the music industry. We can help you determine unlawful broadcastings of your copyrighted works and demand proper compensation from all responsible parties.
What Is the Copyright Royalty Board?
The US Copyright Royalty Board is a three-judge panel, consisting of Chief Judge Feder, Judge Ruwe, and Judge Strickler. These Copyright Royalty Judges are in charge of overseeing and adjusting royalty rates and terms for statutory licenses as provided by the US Copyright Royalty and Reform Act of 2004.
Simply put, they determine the rates that musical performances receive whenever their works are streamed via digital platforms.
The Librarian of Congress appoints the three Copyright Royalty Judges. To be eligible for the position, a judge must have a minimum of seven years of legal experience. One judge must have comprehensive knowledge of copyright law, while the other must have extensive knowledge of economics. A third judge must have at least five years of judicial or quasi-judicial experience.
Copyright Royalty Judges serve six-year terms. They may be reappointed after the end of their term.
What Are the New Rates for Webcasting Royalties?
CRB has issued new music royalty rates for webcasting, with both ad-backed and subscription services seeing increases.
Take note that the rates for commercial and non-commercial webcasting are subject to change. They will be adjusted accordingly based on the cost of living as determined by the Consumer Price Index.
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Source: https://entertainmentlawyermiami.com/new-increased-inflation-adjusted-royalty-rates-for-webcasting/
