Deal On Royalty Rates For Online Music Industry Reached

September 24, 2008

All have come together to reach an agreement on royalty rates for the online music industry.....  .Washington (ChattahBox) – All have come together to reach an agreement on royalty rates for the online music industry.

Record labels, music publishers, songwriters, and online music services themselves have managed to come to an agreement on a new royalties deal.

The deal is designed to figure out just how royalty fees are going to be set.

These fees will be for downloads that are only up for a limited time, as well as streaming music.

The new proposal states that a mechanical royalty fee of 10.5% of the revenue will be paid by providers of the services.

The Digital Media Associatioin (DiMA) praised the move, stating that it would help to offer music in new ways to consumers online.


Comments

Got something to say? **Please Note** - Comments may be edited for clarity or obscenity, and all comments are published at the discretion of ChattahBox.com - Comments are the opinions of the individuals leaving them, and not of ChattahBox.com or its partners. - Please do not spam or submit comments that use copyright materials, hearsay or are based on reports where the supposed fact or quote is not a matter of public knowledge are also not permitted.