WASHINGTON, March 16, 2015 /PRNewswire-USNewswire/ -- SoundExchange today announced it has reached a settlement agreement with NPR and the Corporation for Public Broadcasting (CPB) on royalty rates for the next five years for webcasting by public radio stations.
"We always prefer negotiated solutions with digital services, provided that they ensure appropriate payment to artists and rights holders. We are pleased that we have again reached an agreement with NPR and CPB. This agreement recognizes the unique circumstances and missions of these organizations, and compensates the creators of the music used in their programing," said Michael Huppe, president and chief executive officer, SoundExchange.
"The Corporation for Public Broadcasting is pleased that we, together with NPR and SoundExchange have reached an agreement on Internet streaming of sound recordings by public radio stations funded by CPB that recognizes the unique nature of public radio and the vital service it provides to the American people," said Pat Harrison, president and CEO, CPB.
"We are pleased to again collaborate with SoundExchange to come up with a framework for royalties that provides artists and rights holders with fair compensation while recognizing public radio's distinctive public service and nonprofit operating model," said NPR CEO Jarl Mohn. "The agreement is a testament to public radio's significant contributions to musicians, artists, audiences and cultural programming in today's dynamic music environment."
This is SoundExchange's second settlement agreement in five months with noncommercial webcasters. In October 2014, SoundExchange reached an agreement with College Broadcasters Inc., which represents college media outlets. The agreement ensures that noncommercial webcasters at colleges and other educational institutions will continue to have a consistent royalty framework and that the artists and rights holders who recorded the music that educational webcasters play are compensated.
The settlements, if adopted by the Copyright Royalty Board, will be in effect for the years 2016-2020.
SoundExchange is the non-profit performance rights organization representing the entire recorded music industry. The organization collects statutory royalties on behalf of recording artists and master rights owners for the use of their content from satellite radio, Internet radio, cable TV music channels and other services that stream sound recordings. The Copyright Royalty Board, created by Congress, has entrusted SoundExchange as the only entity in the United States to collect and distribute these digital performance royalties from more than 2,500 services. SoundExchange has paid out more than $2 billion in royalties since its inception. For more information, visit www.SoundExchange.com or www.facebook.com/soundexchange.
The Corporation for Public Broadcasting (CPB), a private, nonprofit corporation created by Congress in 1967, is the steward of the federal government's investment in public broadcasting. It helps support the operations of more than 1,400 locally-owned and -operated public television and radio stations nationwide, and is the largest single source of funding for research, technology, and program development for public radio, television and related online services. For more information, visit www.cpb.org.
NPR is the leading provider of non-commercial news and entertainment programming in the U.S. More than 27 million people listen to NPR programs each week via 800+ radio stations throughout the country. In partnership with Member Stations, NPR strives to create a more informed public - one challenged and invigorated by a deeper understanding and appreciation of events, ideas, and cultures. As a digital innovator, and a leader in the public media community, NPR assures that the unique mission of nonprofit public media is not only preserved, but grows.