December 10, 2023
Copyright Royalty Board Approves Industry-Wide Settlement for 15.35% Royalty Increase -

The United States’ Copyright Royalty Board has approved new rates amid a long-standing battle between digital service providers and songwriters, recording artists and music publishers.

Known as “Phonorecords IV” or “CRB IV,” the settlement will incrementally increase royalties for over the next five years until it reaches 15.35% in 2027, according to the board’s members. On January 1st, 2023, songwriters and music publishers received a rate of 15.1% of a U.S. streaming service’s revenue. 

  • In 2024, it will raise to 15.2%
  • In 2025, it will raise to 15.25%
  • In 2026, it will raise to 15.3%
  • In 2027, it will raise to 15.35%

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