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PRS for Music announces record high collections and distributions for 2017

PRS for Music, a UK collection agency, announced that it paid out record royalties to its members last year. The group’s 2017 payouts totaled £605.1 million, up 14.7% from the 2016 amounts. PRS said that 6.6 trillion performances were reported last year, a 53% on-year increase that led to a record-high collection total of £717 million. Continue Reading

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Dubset partners with Rumblefish for remix mechanical royalties

Dubset has entered another relationship to further its goal of securing mechanical royalties from DJ sets and remixes. The rights startup has inked a deal with Rumblefish, a music licensing and administration company. Under the agreement, Rumblefish will use Dubset’s MixBANK platform to ensure that compositions used in mixes, remixes, and other user-generated content are cleared and administered. Continue Reading

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CISAC study adds fuel to the fire against safe harbor laws

CISAC has published a study investigating the economic impact of safe harbor provisions on the digital market. These legal provisions were originally intended to provide copyright liability protections for digital companies when their users committed infringements. However, the study argues that safe harbors are having the opposite effect and are creating an unfair advantage for user uploaded content companies. Continue Reading

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In historic ruling, Copyright Royalty Board dramatically raises royalties for streaming services

The Copyright Royalty Board has announced the new rates for mechanical royalties to be paid by streaming music services. As announced on Jan. 27, streaming platforms will pay out royalties to songwriters and composers as a share of their revenue. By 2022, the share for mechanical royalties will be 15.1% of the streaming platform’s revenue. Read on for the full rate ruling and reactions from both publishers’ and songwriters’ organizations. Continue Reading