The Austrlian Copyright Tribunal sets new royalty rate for Australia payable to composers, songwriters and music publishers for digital music and video downloads.
The new rate, which has now been ratified by the Copyright Tribunal, brings to an end a clash which pitted music publishers against Apple, Telstra and major labels Universal and Sony Music. The new royalty rate which takes effect from 1 January 2010 is 9% of retail for music downloads and 8% of retail for music video downloads.
Presently Australia’s digital music market is soaring according to first-half 09 figures reported by ARIA. Digital track sales rose 36.46% to A$18.08 million, while digital album sales improved by over 56% to A$9.27 million.
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