US Streaming Rate Increase

[ENW1]

Has anybody heard about this US streaming rate increase? How does it affect us in Library Work?

Major victory for songwriters as US streaming royalty rates rise 44%

Thanks,

[boinkeee2000]

“The ruling includes a significant increase in the overall percentage of revenue paid to songwriters from 10.5% to 15.1% over the next five years – the largest rate increase in CRB history.

In practical terms, that would mean a near-44% jump in royalties – for example, from $5,000 to $7,200.”

hmmm…Its a step forward, but doesnt sound that significant when you take out a few zeros

[LAwriter]

Too little, too late. IMO of course.

[Author]

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