Copyright Royalty Board gives song writers a 44% hike over 5 years from music streamers

The U.S. Copyright Royalty Board has put some more money into songwriters' pockets. The board has just awarded tunesmiths a 43.8% hike in royalties from streaming music services over the next five years (from 2018 to 2022). The annual increases will range from 10.5% to 15.1%. The royalties hike was the result of a trial that took place between March and June of last year. That legal battle pitted the National Music Publishers’ Association and the Nashville Songwriters’ Association International against music streamers Google, Amazon, Apple, Spotify and Pandora.

Even though this is the largest ...