# DiMA Aims for Quick Resolution in Phonorecords V

> DiMA hopes for timely resolution of Phonorecords V proceeding to set streaming royalty rates.
- Title: DiMA Aims for Quick Resolution in Phonorecords V · Music Ally
- Summary: DiMA hopes for timely resolution of Phonorecords V proceeding to set streaming royalty rates. DiMA, representing streaming services, seeks swift resolution…
- Keywords: dima, phonorecords v, streaming services, mechanical royalty rates, us copyright royalty board, spotify, nmpa, music, business, technology, Aims, Quick
- Source: Music Ally — https://musically.com/2026/10/07/dima-hopes-for-timely-resolution-of-phonorecords-v-proceeding
- Author: Stuart Dredge
- Published: 2026-10-07T12:30:00+00:00
- Read time: 1 min
- Topics: dima, phonorecords v, streaming services, mechanical royalty rates, us copyright royalty board, spotify, nmpa, music, business, technology
## 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.
## Key takeaway

DiMA, representing streaming services, seeks swift resolution of Phonorecords V to finalize mechanical royalty rates for streaming services.