Songwriters & Publishers Due Nearly $400M After Final Streaming Royalty Rate Determination ...Middle East

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Songwriters and publishers are due nearly $400 million in additional payouts following the Copyright Royalty Board’s Phonorecord III final determination in August, according to information the Mechanical Licensing Collective (the MLC) released on Friday (Feb. 23). During the Phono III blanket license period (2021-2022), the MLC reports that digital service providers like Spotify, Amazon Music, YouTube and Pandora underpaid rightsholders by $419.2 million — $281 million from mechanical royalties and $137.8 million from performance royalties. Those underpayments were due to the fact that final rates were higher than th

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