The Copyright Royalty Board of the U.S. Library of Congress—which determines the licensing fees paid by streaming services to artists (and their publishers)—has reportedly increased the royalty rate from 10.5% to 15.1% of total revenues for the five-year period from 2018 to 2022. Streaming services rely on the compulsory license established under U.S. law rather than negotiate directly with publishers. For comparison, Netflix and Amazon must negotiate with studios for the use of programs, which is why their catalogs are not "all-inclusive" in the way that music streaming services are.
Read MoreMusic licensing fees paid by streaming services like Spotify or Apple Music to increase was written by the awesome team at Android Police.
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