U.S. copyright authorities decided to increase over the next five years the royalty payments music streaming companies like Spotify and Apple must make to songwriters and music publishers, a trade association for music publishers said. The Copyright Royalty Board of the U.S. Library of Congress issued a written decision that altered the formulas used to determine how much of their revenue streaming companies must share with songwriters and the music publishing companies they typically hire to collect licensing fees on their behalf.
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