Compliance, Financial Regulation
10 Jan 2025
regulations, royalty payments, copyright, business establishments, sound recordings
📜Ruling Clarifies Gross Proceeds for Business Establishments
The Copyright Royalty Judges publish their ruling on regulatory interpretation in a matter that was referred to them by the United States District Court for the District of Columbia. The regulation at issue is the definition of "Gross Proceeds" in the rates and terms set forth through settlements in the BES I and BES II proceedings in 37 CFR 384.3(a), which is used when calculating royalty payments paid to SoundExchange, a collective for copyright owners, in relation to digital transmissions of sound recordings pursuant to the statutory license in 17 U.S.C. 112.
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