Music streaming royalties for physical records and downloads just went up

The US Copyright Royalty Board has increased the royalty rates for physical music records and permanent digital downloads. This means artists and record labels will get slightly more money each time their music is sold in these formats.

The music industry has been fighting over how to split revenue from streaming for years. While this change only affects physical records and downloads, it shows that the US Copyright Royalty Board is willing to adjust rates to reflect current economic conditions. This could set a precedent for future adjustments to streaming royalty rates, which are a much larger source of income for artists.