CO Issues Rule for Music Transition Period Reporting, Royalties
The Copyright Office issued a final rule Thursday for transition period cumulative reporting and royalty transfers to the mechanical licensing collective (see 2012310019). The rule requires digital music providers to “submit cumulative statements of account to the mechanical licensing collective…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
at the conclusion of the statutory transition period in order to be eligible for the statutory limitation on liability for prior unlicensed uses of musical works.” The rule creates a “mechanism for digital music providers to rely upon royalty input estimations and make subsequent adjustments once the inputs are finalized.”