News From Yellow Business Pages » Wired: Top Stories » Songwriters Submit Royalty Agreement to Copyright Royalty Board

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Wired: Top Stories

• 

  Songwriters Submit Royalty Agreement to Copyright Royalty Board

  Posted: September 24th, 2008, 11:16am EDT by Eliot van Buskirk

  Tags:    [edit]

  Songwriters, record labels, and webcasters have reached an agreement on mechanical royalties for songs played on web radio services. Webcasters will pay 10.5 percent of their revenue to songwriters and publishers minus any performance royalties already being paid to labels. The move comes as part of music publishers' drive to start collecting mechanical royalties for compositions played online after giving online radio a free pass while business models developed.
  
  Wired.com