Music streaming royalty rates just got a small bump

The cost for new music streaming services to pay royalties for digital song performances has increased slightly. This means these services will pay a bit more to artists and labels for the music they play.

This is a routine adjustment to royalty rates, based on inflation. It means the cost of doing business for new streaming services will go up by a tiny amount. The Copyright Royalty Board adjusts these rates annually based on the Consumer Price Index. This particular adjustment is small, reflecting modest inflation.