Colleges' Royalty Rate for Use of SESAC Catalog To Rise 2 Percent Dec. 24, CRB Says
Colleges and other educational institutions not affiliated with NPR will see the royalty rates they pay for the use of published nondramatic musical compositions in SESAC’s catalog rise Dec. 24 2 percent to $149 per station, the Copyright Royalty Board…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
said in Tuesday’s Federal Register. The 2 percent rate increase is the cost-of-living adjustment (COLA) that the CRB institutes annually as part of its 2012 regulations governing 2013-2017 royalty payments. COLA-related royalty rate increases are determined by the change in the cost of living calculated by the Bureau of Labor Statistics' Consumer Price Index, but can’t be less than 2 percent annually, the CRB said. BLS said last week that the 2015 cost of living increased 0.2 percent from last year. The CRB also said it’s leaving the royalty rates that satellite carriers pay for a compulsory license unchanged for 2016, based on the BLS’ cost-of-living calculation.