From Music Ally · Stuart Dredge · · 1m
DiMA Aims for Quick Resolution in Phonorecords V
DiMA hopes for timely resolution of Phonorecords V proceeding to set streaming royalty rates.
In brief
DiMA hopes for timely resolution of Phonorecords V proceeding to set streaming royalty rates. DiMA, representing streaming services, seeks swift resolution of Phonorecords V to finalize mechanical royalty rates for streaming services. Originally reported by Music Ally.
Phonorecords V Proceeding
The US Copyright Royalty Board sets mechanical royalty rates for streaming services over five years.
DiMA Expresses Optimism
DiMA, the trade body for streaming services, stated optimism about the Phonorecords V proceeding resolution.
Growth in Music Publishing
US music publishing revenues grew over 30% since 2022, from $5.6 billion to $7.3 billion.
NMPA President Davies
Graham Davies, DiMA president and CEO, said they look forward to timely resolution for streaming success.
Spotify's Bundling Rates
Spotify switched to bundling rates after adding audiobooks, sparking tensions in the proceeding.
NMPA's Warning to Spotify
NMPA boss David Israelite urged Spotify to block calendar for trial, citing broken agreements.
What matters most
DiMA, representing streaming services, seeks swift resolution of Phonorecords V to finalize mechanical royalty rates for streaming services.
