Spotify, Apple, Amazon, Pandora and Google have submitted their proposed mechanical royalty rates for songwriters and publishers covering 2028 through 2032, kicking off the next round of Phonorecords proceedings before the Copyright Royalty Board.
The filings mark the opening position from the services in a negotiation process that has historically pitted streaming platforms against music publishers and songwriter groups over how royalty pools are calculated and distributed. Previous rounds of these proceedings have run for years and included appeals from both sides.
The proposed rates will now move through the CRB process, where publisher and songwriter representatives are expected to file counter-proposals before a final determination is reached.
Read the full story at Music Business Worldwide.