SoundExchange posts Q3 payments as it awaits CRB rate decision today

SoundExchange released its third-quarter figures for payments made and received from digital radio. The rights manager paid out $204 million in the quarter to 87,219 payees. The timing of this release is pointed, as today the Copyright Royalty Board is slated to release its decision on the statutory royalty rates to be paid by non-interactive streaming platforms during 2016-2020. Pandora is one of the bigger players to be impacted by this ruling, but SoundExchange has just as much on the line. Continue Reading

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CRB rates and Pandora

As the webcasting universe turns its expectant and apprehensive gaze toward the U.S. Copyright Royalty Board (CRB), which will issue new webcasting royalty rates for 2016-2020, Pandora Media has more skin in the game than any other webcasting distributor of music — in a sense. The company has another path to potentially go down. Continue Reading

CRB announces: New royalty rates to post Wednesday [correction]

As the webcasting world is poised with anticipation, The Copyright Royalty Board (CRB) has just announced that its royalty rate-setting decision will be publicized on Wednesday. The ruling deadline is Tuesday, and the CRB will deliver its ruling to the Register of Copyrights, and the proceeding participants, for review and removal of sensitive information that will be redacted from public documents. Continue Reading

Pandora will get its $300-million next week as stock nears YTD low and CRB decision looms

Pandora issued a follow-up press release today, after announcing yesterday that the company is issuing a $300-million debt offering to institutional investors. Pandora stock closed down 11.5% yesterday, and has inched downward another 2% this morning, nearing the year-to-date low of $11.51 per share. Continue Reading

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From the Copyright Office: All labels equal in music royalty rates

One aspect of the music licensing ruling expected from the Copyright Royalty Board (CRB) has been delivered, as an answer from the Register of Copyrights to a question posed by the CRB. The question? Whether webcasters could pay different royalty rates to major labels and non-major labels. Continue Reading

David Oxenford: Adele’s New Record is Not on Online Streaming Services – Except Where It Is – The Difference Between Interactive and Noninteractive Streaming

by David Oxenford

Broadcast law attorney and guest columnist David Oxenford explains the difference between interactive and non-interactive music services in the context of Adele’s new album release, which is withheld from on-demand listening platforms like Rhapsody and Spotify. Continue Reading

David Lowery petitions N.Y. Attorney General for publishing royalty investigation

David Lowery, a former professional musician and now an advocate for artists’ rights, has written to the New York Attorney General Eric T. Schneiderman to seek an investigation into unpaid mechanical royalties. This fall has seen some heated debate about licensing payments in the streaming music economy, particularly for publishers. Continue Reading