Copyright Royalty Board Sets New Royalty Rate For Susbscription Services
March 29, 2010 at 4:11 PM (PT)
The COPYRIGHT ROYALTY BOARD has signed off on new sound recording performance royalties for "new subscription services", specifically cable or satellite TV music services launched after 1998, when the DMCA was enacted. According to LEXOLOGY.COM, this royalty was adopted after a settlement between SIRIUS XM RADIO and SOUNDEXCHANGE.
The new settlement provides for royalties that are the higher of 15% of the revenues of the service (subscription payments plus other revenues such as advertising and sponsorships provided by the service), or a minimum per subscriber fee that increases over the five-year period.