THE NATIONAL MUSIC PUBLISHERS’ ASSOCIATION, NASHVILLE SONGWRITERS ASSOCIATION INTERNATIONAL AND SONY MUSIC ENTERTAINMENT ANNOUNCE CRB SETTLEMENT AGREEMENT
[NEW YORK/WASHINGTON] – October 28, 2016 -The National Music Publishers’ Association (NMPA), theNashville Songwriters Association International (NSAI) and Sony Music Entertainment (SME) today filed a joint agreement with the Copyright Royalty Board (CRB) that resolves open issues among them concerning the ongoing rate proceedings for mechanical royalties payable under Section 115 of the Copyright Act for the period between 2018 and 2022.
Similar to NMPA’s previously announced settlement with record labels Warner Music Group and Universal Music Group, the agreement includes a roll-forward of rates in Subpart A of the 115 regulations, covering physical products, digital downloads, and ringtones. Under the terms of the settlement, SME will withdraw from Subparts B & C, which applies to on-demand streams. Additional terms were not disclosed.
In a joint statement commenting on the deal, NMPA, NSAI and Sony Music said, “The parties are pleased to have reached a mutually beneficial settlement in this matter. Sony Music and the music publishing community value their relationship, and as the music marketplace continues to evolve it is more important than ever that the music community stands united to demand fair market pay for songwriters and artists from all digital music services. We look forward to working together to pursue that shared objective.”
About the NMPA:
Founded in 1917, the National Music Publishers’ Association (NMPA) is the trade association representing all American music publishers and their songwriting partners. The NMPA’s mandate is to protect and advance the interests of music publishers and songwriters in matters relating to the domestic and global protection of music copyrights. Learn more at www.nmpa.org
About NSAI: The Nashville Songwriters Association International (NSAI) is the world’s largest not-for-profit songwriters trade organization. Established in 1967, the membership of more than 5,000 spans the United States and five foreign countries. For 40 years, NSAI has been dedicated to protecting the rights of and serving aspiring and professional songwriters in all genres of music. For more information, visit nashvillesongwriters.com.
About Sony Music Entertainment: Sony Music Entertainment is a global recorded music company with a current roster that includes a broad array of both local artists and international superstars. The company boasts a vast catalog that comprises some of the most important recordings in history. It is home to premier record labels representing music from every genre, including Arista Nashville, Beach Street Records, Black Butter Records, BPG Music, Bystorm Entertainment, Century Media, Columbia Nashville, Columbia Records, Day 1, Descendant Records, Disruptor Records, Epic Records, Essential Records, Essential Worship, Flying Buddha, Fo Yo Soul Recordings, House of Iona Records, Insanity Records, Kemosabe Records, Latium Entertainment, Legacy Recordings, Louder Than Life, Masterworks, Masterworks Broadway, OKeh, Polo Ground Music, Portrait, RCA Inspiration, RCA Nashville, RCA Records, Relentless Records, Reunion Records, Sony Classical, Sony Music Latin, Star Time International, Syco Music, Vested in Culture and Volcano. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation of America.