EMI Reportedly Developing Direct To Consumer Online Music Store
EMI is reportedly hard at work developing a direct-to-consumer music service. The online destination is slated to launch by the end of the year. The service may live on EMI.com, which is dedicated to a mix of corporate and artist news. The music service will feature a mixture of paid and free content and also might include non-EMI artists as well. EMI is positioning the effort, which was first reported Wednesday in the Financial...
Copyright Royalty Board Preserves Current Rate At 9.1 Cents Per Song
The Copyright Royalty Board ruled that the royalty which songwriters receive on sales of CDs and digital downloads will remain at 9.1 cents per song for the next five years. The Recording Industry Association of America, the record label trade group, was pleased that the rate was frozen for the first time since 1977, meaning that if song prices increase, royalties will make up a falling percentage of the companies’ costs....
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