Copyright Board Will NOT Raise Royalty Rates on Digital. ITunes to stay open

The Copyright Royalty Board in Washington DC today ruled that the royalty rate for songs purchased online would stay at 9.1 cents and will not rise to the original proposed rate of 15 cents. Music publishers were seeking this rate hike but were denied. Because of the potential hike, Apple’s ITunes had threatened to shut down. The reason why they were going to shut down was because they didn’t want to pass the increase to the customers by increasing the price of songs or foot the bill themselves. The record companies would’ve refused to absorb the price increase as well. So this means that you can live life knowing confidently that the royalty rate paid for songs you download off P2P and Torrent will remain at 0 cents.

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