SCL-Supported Coalition Reaches Agreement on Increased Mechanical Royalty Rate
Comments filed with the Copyright Royalty Board (CRB) by the Society of Composers & Lyricists in association with the Songwriters Guild of America (SGA), Music Creators North America (MCNA) and the International Council of Music Creators (CIAM) have caused a 32% increase in the mechanical royalty rate for 2023 through 2027 from $0.091 to $0.12 per track and includes a future cost of living adjustment.
This settlement comes just over a month after the Copyright Royalty Board decided to unfreeze the current rates and just before discussions will take place regarding the streaming royalty rates.
See more reflections on the agreement via CIAM or in the joint statement from the SCL, Songwriters Guild of America, and Music Creators North America:MCNA-5.04.22-Press-Release-re-Phonorecords-IV
Read the full motion below:FederalRegisterMarch302022