Haley as Songwriter

[Tusk]

dinalapolt
As if this Grammy week couldn’t get any better.... HOLY CRAP!!!!
#gettherateright #songwriteradvocacy #SONA #NSAI #NMPA #AIMP

Haley liked Dina's Post....

Full Article from Music Business Worldwide

Mechanical royalty rates paid to songwriters in the US from on-demand subscription streaming will rise by 44% over the next five years following a landmark ruling in the market.

...The ruling includes a significant increase in the overall percentage of revenue paid to songwriters from 10.5% to 15.1% over the next five years – the largest rate increase in CRB history.

In practical terms, that would mean a near-44% jump in royalties – for example, from $5,000 to $7,200.

...In addition, the CRB granted a late fee which will dramatically alter the licensing practices of digital music companies...

...The court also decided in our favor regarding a late fee which will force digital music services to pay songwriters faster or be subject to a significant penalty. The bottom line is this is the best mechanical rate scenario for songwriters in U.S. history which is critically important as interactive streaming continues to dominate the market.