The recording industry, music publishers and online music services have revealed the details of a landmark royalty deal for streaming and limited downloads of music.
The agreement proposes a mechanical royalty rate of 10.5% of revenue, less any amounts owed for performance royalties for composition, for digital service providers that offer interactive streaming and limited downloads such as subscription and ad-supported services. When the settlement was first announced, details were kept confidential until they were submitted to the CopyRight Board in draft regulations. For full story click here
Tuesday, September 23, 2008
Online Services Reach Royalty Deal
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