208_15 - Today's Agenda Economic Issues 4 Web resources...

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Today’s Agenda Economic Issues 4 Web resources
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Public Performance Royalties for Internet Licenses (LaPolt 2007) The Master Recording: Two collection societies for non-interactive, subscription, and interactive radio services collect royalties for owners of master recordings and featured artists. SoundExchange Royalty Logic.
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SoundExchange SoundExchange - first performing rights organization in the U.S. to collect and distribute royalties to sound recording copyright owners and featured artists Not-for-profit organization governed by board of artist representatives, major and independent label representatives.
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Royalty Logic Royalty Logic - an independent performing rights organization for the negotiation, licensing, collection and distribution of digital performance royalties payable to featured performing artists and sound recording copyright owners. Royalty Logic actively lobbies to promote maximum license fee collections and royalty distributions on behalf of affiliates
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Members Record companies or owners of sound recordings Recording artists Featured recording artists have right to designate representation
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Profit Split The law provides that the statutory license revenues be split as follows: 50% owner of the master recording 45% to featured artist (royalty act), maybe shared with producer 5% to non-featured musicians, vocalists. Union membership not required for payment
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208_15 - Today's Agenda Economic Issues 4 Web resources...

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