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US song creators win rate dispute, streaming services to pay more

The National Music Publishers Association said the ruling will require streaming companies to give 15.1 percent of their revenue to songwriters and music publishers

Jan Wolfe | Reuters 

  US copyright authorities on Saturday decided to increase over the next five years the royalty payments music streaming companies like Spotify and Apple Inc must make to songwriters and music publishers, a trade association for music publishers said. The Copyright Royalty Board of the US Library of Congress issued a written decision that altered the formulas used to determine how much of their revenue streaming companies must share with songwriters and the music publishing companies they typically hire to collect licensing fees on their behalf. The National Music ...

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First Published: Sun, January 28 2018. 15:58 IST