The Copyright Royalty Board Affirmed Royalty Rates from 2022 and Set Rates Through 2027
In the summer of 2023, after streaming services appealed the 2018 decision by the Copyright Royalty Board that decided phonorecord licensing rates, the Board affirmed its original decision that granted artists 15.1% of the streaming services’ overall revenue through 2022. The Board also set rates to increase to 15.35% through 2027.
Differing IP Strategies Across Streaming Platforms
Warner Bros. Discovery is starting to utilize different licensing strategies to bring in new revenue. Other streaming providers, like Disney, prefer to have stronger control over their intellectual property so that it can provide a more unique streaming experience.