Spotify, Streaming Songwriter Payments To Rise 44%, Copyright Royalty Board Rules
Songwriters had also been pushing to get paid each time a song is streamed.
The CRB also gave additional relief to professional songwriters, who have seen their ranks decimated by anywhere from 75 to 90 percent over the last 15 years in response to dwindling revenue from song publishing in the digital age due to issues around piracy, the emphasis on single songs and streaming rates. But while record labels negotiate directly with streaming companies to agree royalty payments, publishers in the United States are beholden to the Copyright Royalty Board, which sets rates every five years, as per a 1909 law that was created to protect against a monopoly on player piano rolls.
The decision announced earlier this weekend by the National Music Publishers Association stems from a dispute pitting songwriters against steadily growing music streaming services sold by Spotify, Apple, Google, Amazon and Pandora.
NMPA President & CEO David Israelite: "We are thrilled the CRB raised rates for songwriters by 43.8% - the biggest rate increase granted in CRB history".
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The music publishers association hailed the ruling, even though the trade group estimates recording labels will still be receiving $3.82 for every $1 paid to songwriters and publishers.
The decision deals a blow to Spotify, which spent much of the past year negotiating with record labels to pay less money for recording rights. The ratio of what labels are paid by the services versus what publishers are paid has significantly improved, resulting in the most favourable balance in the history of the industry. 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 free which will force digital music services to pay songwriters faster or be subject to a significant penalty.
The decision will "go a long way to fairly compensate our songwriters for the essential contribution they make to streaming's success story", said Martin Bandier, chief executive of Sony/ATV, the largest music publisher, noting the 44 per cent pay rise is an "unprecedented" increase for songwriters.
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