Songwriters in the US get a raise - from 9.1 cents to 12 cents
Groups representing songwriters, music publishers and record labels have reached an agreement about mechanical royalty rates in the US paid to songwriters for sales of physical music, as well as downloads, MBW reports. Since 2006, the mechanical rate paid to publishers/songwriters for music purchased on a physical disc (or a download) has been set at 9.1 cents per track. The new settlement proposes a 32% increase to that current royalty rate, to 12 cents per track. The agreement also provides that these songwriter royalties will increase automatically each year of the rate period in connection with the inflation.