Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday December 17, 2015

Copyright Royalty Board Hikes Rates Pandora Must Pay

The Copyright Royalty Board has ruled that Pandora and other online radio companies will have to cough up more money to the music labels starting January 1st.

The Copyright Royalty Board on Wednesday ruled that online radio companies will have to pay 17 cents per 100 plays of songs through 2020. That's a notable increase over the current rate of 14 cents per 100 streams. The new rates take effect Jan. 1. "We believe the rates set by the CRB do not reflect a market price for music and will erode the value of music in our economy," said a statement from SoundExchange, the music rights organization representing the record labels.