New York - The major players in contentious negotiations over digital music royalties, which pit music publishers, record labels and digital music services against one another, have reached a settlement on two of five major issues, Billboard reported, citing an account from David Israelite, president and CEO of the National Music Publishers Association (NMPA).

Agreements on royalty rates for limited downloads and Internet streaming have been secured, according to Israelite, while negotiations are still ongoing with regard to digital permanent downloads, ringtones and physical products like CDs.

The opposing groups are now slated to file briefs on their positions with the Copyright Royalty Board (CRB) by July 2, with the CRB then expected to set royalty rates for the next five years in October.

Related Links:
http://snipurl.com/2lxrc (Billboard)

http://www.nmpa.org