Big Law

The Copyright Royalty Board Will Raise Rates For Musicians and Publishers

The Copyright Royalty Board is going to increase royalty rates for musicians and publishers.

Originally decided back in 2018, the new headline rate sees an increase from 10.5 per cent to 15.1 per cent over theist four years.

The Copyright Royalty Board confirmed the change on Friday earning musicians and artists a long-awaited victory after years of deliberation (via MixMag).

The increase in rates, which amounts to 44 percent, follows a long battle with streaming platforms like Amazon Music, Spotify and YouTube.

Read the source article at nme.com

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