Jul 01 2008
Publishers Driving the Copyright Royalty Board Bus (PART I)
It was recently reported that in the midst of the Copyright Royalty Board (CRB) hearings, the publishers, record labels and digital music providers (RIAA, DiMA, etc.) agreed to a settlement on two of the five royalty rates scheduled to be set this October by the CRB. This news surfaces from comments made by National Music Publishers’ Association’s president/CEO David Israelite on June 18th, 2008, at a recent trade association meeting in New York. Specifically, it seems the sides have reached an agreement on the rates for limited downloads and Internet streaming, but still remain worlds apart on the other rates, which include, digital permanent downloads and ringtones. The confidential agreement still requires approval by three CRB judges, however, there is little chance they will balk at a pack reached by the two sides. Continue Reading »
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