This Week in Royalties: Dec. 12 - 16

Reports expect a significant recovery for recorded music revenues, among other notable items this week affecting songwriters and royalty rightsholders...
December 16, 2016

Music Business Worldwide aggregated the global revenues for recorded music for over a dozen countries, and saw signs of a significant uptick… suggesting an even greater recovery that was reflected last year. Other royalty related news worth following includes:

First Proposal for Copyright Reform Arrives, Emphasizes Congressional Role (Billboard)
It would subject the Register of Copyrights, the highest copyright position in the U.S. government, to the same Congressional nomination process as other government officials.

Radio Group Signs Five-Year Deal with Songwriting (Billboard)
The contract, which covers 10.5 million compositions, will give ASCAP members an increase in terrestrial and certain digital royalties.

CMRRA Announces Reduction In Online Licensing Administration Fee From 10.5% To 6% (CMRRA)
The reduced administration fee will apply to activity starting in third quarter 2016 and scheduled for royalty distribution to CMRRA’s music publisher clients in December 2016.

Sony Eyes Unification Of Record, Publishing Arms (Hypebot)
Recorded music division Sony Music Group and music publisher Sony/ATV would unite in a division separate from film and gaming.

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