Songwriters Get Major Win! | MUSIK !D TV NEWS
On January 27, the Copyright Royalty Board established their decision upgrade songwriter revenue from 10.5% to 15% over the next five years. This is a close to a 44% boost in royalties. “Crucially, the decision also allows songwriters to benefit from deals done by record labels in the free market, The ration of what labels are paid by the services versus what publishers are paid has significantly improved, resulting in the most favorable balance in the history of the industry.” – David Israelite, National Music Publishers’ Association What do you guys think? Let us know in the comment section down below.
