Record Industry, Digital Music Cos. Reach Royalties Deal

Law360, New York (April 12, 2012, 2:33 PM EDT) -- The record industry and trade groups representing music publishers and online content distributors averted litigation over royalties on Wednesday by striking a deal to set royalty rates for several types of online music sales.

The Recording Industry Association of America, the National Music Publishers' Association and the Digital Media Association had been negotiating mechanical royalty rates before the Copyright Royalty Board, and the agreement will fully resolve that proceeding without litigation, the groups said in a statement.

"This is a historic agreement that reflects our mission...
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