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Spotify, Amazon and Pandora reportedly proposing lower streaming royalty rates to US Copyright Royalty Board

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Billboard reported that several streaming services made separate filings to the CRB’s three-judge panel with their proposed royalty rates for the years between 2023 and 2027 – a four-year period known as CRB Phonorecords IV.Spotify, Amazon and Pandora have reportedly proposed headline royalty rates for Phonorecords IV of around 10.5 per cent of revenue.

Spotify is reportedly requesting 10.5 per cent, with Amazon – for its music service Amazon Music – and Pandora applying for 10.54 per cent.These proposed rates are lower that enacted during the Phonorecords III period of 2018-2022, which began at 11.4 per cent in 2018 and escalate annually to 15.1 per cent in 2022.

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