Song royalty payments to remain unchanged
Posted by Dennis Sellers 
Oct 3, 2008 at 11:43am
Earlier this week Apple’s iTunes vice president Eddy Cue threatened (at least vaguely) to close the iTunes Store if the Copyright Royalty Board raised the royalties paid to music publishers, rather than be forced into absorbing an increase in royalty rates and raising song prices.
Not to worry. The U.S. Copyright Royalty Board voted on Thursday to leave the current royalty payment rates in place instead of raising them to 15 cents per song, up from 9.1 cents. Additionally, the CRB set a payment rate of 24 cents each for songs sold as ringtones for cellphones., reports MarketWatch.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
