Spotify and other streaming services propose 'lowest royalty rates in history' for songwriters
You might want to sit down for this one, songwriters.
Music streaming service owners including Spotify, Apple, Amazon, Pandora and Google have all filed documents with the US Copyright Royalty Board (CRB) this week to tell them what they think they should pay songwriters for the five years between 2023 and 2027.
The Copyright Act requires the Copyright Royalty Judges to conduct proceedings every five years to determine the mechanical royalty rates paid by streaming services to songwriters and publishers.
The current proceedings, for the Determination of Rates and Terms for Making and Distributing Phonorecords (Phonorecords IV), also referred to as CRB IV, aim to set songwriter streaming royalties for 2023-2027.
David Israelite, President & CEO of the National Music Publishers Association (NMPA), has previously called CRB IV “the most …
More on: www.musicbusinessworldwide.com