CRB Freezes Royalty Rate — iTunes Store Safe!
The Copyright Royalties Board have decided to keep the royalty rate for music downloads at 9 cents. An spokesman for Apple said, “we’re pleased with the CRB’s decision to keep royalty rates stable.”
The three-member board that sets statutory copyright licenses e-mailed the Digital Media Association (DiMA), the National Music Publishers’ Association, Apple, and other download stores with its decision to keep the royalty rate 9.1 cents. The board also set the same rate for CDs and mandated established a 24-cents rate for ringtones. The decision is the first time the Board has established mechanical royalty rates for digital downloads.
CNET NewsIt is thought that the iTunes Vice President’s, Eddy Cue, testimony influenced the CRB’s decision.
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