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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

YouTube giving artists financial backing, as long as they don’t criticize the company

YouTube has its fair share of critics, especially in the music industry. According to a new report from Bloomberg, it seems that YouTube may be trying to create leverage that will keep musicians from making negative comments about the video platform. The publication said it has learned that YouTube has offered a few musicians hundreds of thousands of dollars in financial backing to produce videos and billboard promotion, with the caveat that these performers won’t say negative things about the company. Continue Reading

SoundExchange subsidiary launches database to help secure royalties for more rightsholders

SoundExchange subsidiary SXWorks announced the launch of a new service for music publishers and songwriters called the NOI Lookup. This searchable database contains all the address unknown Notice of Intention to Use filings made with the U.S. Copyright Office. These NOI filings are intended to inform a copyright owner of intent to distribute a musical composition. Continue Reading

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Music industry joins forces in support of Music Modernization Act and other proposed legislation

Several U.S. music industry organizations have voiced their unified support for three pieces of proposed legislation. More than 20 groups issued a joint press release to endorse the Music Modernization Act of 2017, the CLASSICS Act, and the AMP Act. Continue Reading