Music Business Worldwide: Record labels and publishers ink major settlement, moving from 9.1 cents to 12 cents per track for US mechanical royalties on physical sales

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Music Business Worldwide quoted the AIMP in their coverage of reactions to the increase in US Mechanical rates.

Association of Independent Music Publishers, said: “The AIMP fully endorses the proposed CRB Subpart B settlement, which would increase the mechanical rate for physical sales and digital downloads from 9.1 cents to 12 cents. This is a step in the right direction and will be a significant boon for the independent music publishing community.

“Moving forward, nearly all independent publishers will tell you that the future of the music business is in streaming, and we applaud the continued efforts of the NMPA to fight for better streaming rates for all independent music publishers and songwriters.”

– Murray Stassen, Music Business Worldwide