Online music store won't be shut down
Apple has won its dispute with the National Music Publishers Association over an application to raise royalty fees for songs purchased from online music stores such as iTunes.
As NME.COM previously reported, the association asked the US Copyright Royalty Board (CRB) to increase iTunes royalty rates paid by artists by 66 per cent, from 9 cents to 15 cents per track.
At a ruling in Washington yesterday (October 2) the CRB declined the request.
An application made by Apple to decrease the rate to 4.8 cents per song was also refused, although the board did agree to freeze the rate at 9.1 cents for the next five years, reports BBC News.
Apple spokesman Tom Neumayr said the company was happy with the outcome.
“We’re pleased with the CRB‘s decision to keep royalty rates stable,” he said.