18 Feb 2025
📜Notice of Intent to Audit Webcasters' Royalty Payments
Notice of Intent To Audit
Summary
The Copyright Royalty Judges announce receipt from SoundExchange, Inc., of notices of intent to audit the 2022, 2023, and 2024 statements of account submitted by commercial webcasters Alpha Media LLC and Univision Communications Inc. concerning royalty payments they made pursuant to two statutory licenses.
Agencies
- Library of Congress
- Copyright Royalty Board
Business Impact
$$$ - High
The notice indicates that SoundExchange intends to audit royalty payments for specific webcasters, establishing compliance requirements for affected businesses. This directly impacts financial planning and operational transparency for webcasters regarding royalty obligations.