Tag Archives: royalty

US royalties stay stable – iTunes stays open

We’ll know never know if Apple was bluffing when it said it would shut down iTunes rather than pay more cash to music creators – as the US Copyright Royalty Board chose to keep royalty payments at the same level.

Apple had threatened to close iTunes if the decision went against the service, Eddy Cue, vice-president of iTunes, told the three judges – who sit on the Copyright Board board, “[Apple] is in this business to make money, and would most likely not continue to operate [iTunes] if it were no longer possible to do so profitably.”

The three judges on the panel decided to maintain the existing royalty rate of 9.1 cents per song rather than side with music publishers who wanted it raised to 15 cents or with music labels and iTunes who actually wanted to slash the cash they give songwriters and composers. Continue reading

Pan-EU licensing deal for music announced

Buma/Stemra, the Dutch music rights collecting society, and online electronic music retailer, Beatport, have announced the signature of a pan-European licensing agreement for authors’ rights in music..
The Beatport – Buma/Stemra licensing model provides the online music service provider with a one-stop-shop for all authors’ rights for music for 27 European countries.
The issue of multi-territorial licensing of music rights has been very much in the news over the past few days following the European Commission’s decision in the so-called CISAC competition case. The decision requires music collecting societies to end some anti-competitive practices opening the way to more multi-territorial licensing.
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