Exploration Audio Newsletter - December 3, 2021

The Copyright Royalty Board recently announced a royalty increase on December 1 for record labels and performing artists in regards to a select type of streaming platform. In 2022, subscription-based “non-interactive” streams will see a per-stream royalty rate increase from 0.26 to 0.28 cents, while non-subscription will see an increase from 0.21 to 0.22 cents. These royalties will be paid out by webcasters such as Pandora and iHeartRadio.

Politicians in the UK are scheduled to debate a proposed law today on December 3 over higher artist royalties from music streaming platforms as well as reversion rights after a period of 20 years. The Copyright (Rights and Remuneration of Musicians) Bill, introduced by MP Kevin Brennan, contains four key clauses that could change royalty payout structures and contractual terms between music creators and labels, and publishers.

And lastly, TikTok unveiled “Creator Next,” an opt-in monetization portal for creators who meet certain eligibility requirements - such as being 18 or older, having at least 1,000 video views and three posts in the last 30 days. Creators can also gain access to tools and features, like Tips and Video Gifts.

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