US dollars money

The US Copyright Royalty Board has set some new royalty rates for music streaming. No, not those ones, or indeed those ones. This particular ruling relates to non-interactive music streams: webcasting or personal radio of the kind offered by Pandora and iHeartRadio in the US. These rates have been upped from 0.26 cents per stream to 0.28 cents for subscription streams, and from 0.21 cents to 0.22 cents for free streams.

Billboard noted that this category of royalties generated $487m in the first half of 2021 according to the RIAA: around 7.8% of overall digital music revenues, although that figure also included royalties paid by satellite radio broadcaster SiriusXM and other music-focused cable broadcasters.

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