LOC Announces COLA for Royalties for Webcaster, Satellite Transmissions
The Library of Congress announced a cost of living adjustment for royalty rates that commercial and noncommercial noninteractive webcasters pay for eligible transmissions. The new rates, applicable for calendar year 2023 for eligible transmissions of sound recordings by commercial webcasters…
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are .003 cent per subscription performance and .0024 cent per nonsubscription performance, said Friday's Federal Register notice. The new rate for noncommercial webcasters is .0024 cent per performance for all digital audio transmissions in excess of 159,140 aggregate tuning hours. LOC also announced in Friday's FR a 7.7% COLA in the royalty rates satellite carriers pay for a compulsory license under the Copyright Act.