📄Copyright Royalty Board Audit Notice for Webcasters 2021-2023
Notice of Intent To Audit
Summary
The Copyright Royalty Judges announce receipt from SoundExchange, Inc., of notices of intent to audit the 2021, 2022, and 2023 statements of account submitted by commercial webcasters Beasley Mezzanine Holdings, LLC, Hubbard Broadcasting Inc., iHeartMedia, and Midwest Communications, Inc. and non-commercial webcaster Family Stations, Inc. concerning royalty payments they made pursuant to two statutory licenses.
Agencies
- Library of Congress
- Copyright Royalty Board
Business Impact
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The notice specifies an audit of royalty payments by SoundExchange for webcasters, which directly affects compliance and financial reporting obligations for businesses involved in digital audio transmissions. Firms must ensure accurate royalty fee payments and adherence to statutory licensing terms. Non-compliance may result in penalties or disputes.