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Napster, MusicNet Settle on Digital Royalty Rates for U.K. Songwriters

Authored by Mark Hefflinger on October 10, 2006 - 4:52pm.
London - Digital music service providers Napster and MusicNet have reached a settlement on royalties to be paid to U.K. songwriters and music publishers for delivering their music online and to mobile phones. The MCPS-PRS Alliance, which represents U.K. songwriters, said the three-year deal is similar to an accord it reached last week with the British Phonographic Industry and digital music retailers including iTunes and T-Mobile, which gives songwriters 8% of gross revenue minus value-added taxes. MusicNet and Napster said the deal will result in the withdrawal of their references on the matter to the U.K. Copyright Tribunal.
http://tinyurl.com/gfaqs (MCPS-PRS Alliance announcement)
http://tinyurl.com/fbs72 (Reuters)
http://www.musicnet.com
http://www.napster.com

tags: Mobile | Mobile Music | Law | Music | UK | Commerce | Napster | MusicNet | Royalties | Digital Rights |



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