First Royalty Rates Set for Digital Music:
"In a decision closely watched by the music industry, a panel of federal judges who determine royalty rates for recordings ruled on Thursday to renew the current royalty rate for CDs and other physical recordings, while setting rates for the first time for downloads, ring tones and other services.
The ruling by the Copyright Royalty Board — a panel of three judges appointed by the Librarian of Congress — applied strictly to mechanical royalties, which are paid to the songwriters and publishers of music, not the performers...
Some in the industry warned that the measures might not be enough to stem the losses suffered since the rise of illegal file-sharing a decade ago. Jonathan Feinstein, a music lawyer at the Krasilovsky & Gross firm in New York, said the ruling introduced needed flexibility and certainty.
“Whether these developments will be sufficient to return the music industry to health is not clear,” Mr. Feinstein said."
http://www.nytimes.com/2008/10/03/business/03royalty.html?_r=1&scp=1&sq=copyright&st=cse&oref=slogin
No comments:
Post a Comment