Songwriters Earn 2024 Cost of Living Adjustment for Physical and Digital Sales ...Middle East

Songwriters and publishers will see a royalty bump in the new year for physical sales (including vinyl, cassettes and CDs) and digital downloads. According to a new document, published in the Federal Registrar on Tuesday (Dec. 12), the Copyright Royalty Board (CRB) upped the U.S. statutory mechanical royalty rate from the current rate of 12 cents to 12.40 cents if the song has a run time of five minutes or less. (If over five minutes, the rate is 2.39 cents per minute.) This rate change is based on the Consumer Price Index for All Urban Consumers (U.S. City Average, all times) that was published by the Secretary of L

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Last updated : 13 Dec 2023 clock 01:28 AM

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Songwriters Earn 2024 Cost of Living Adjustment for Physical and Digital Sales ...Middle East

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