The Copyright Royalty Judges have started a process to determine fair rates and terms for making and distributing phonorecords from January 1, 2023, to December 31, 2027. Interested parties who want to participate must file a "Petition to Participate" using the Copyright Royalty Board's online system and pay a $150 fee by February 4, 2021. The process is part of the statutory license outlined in 17 U.S.C. 115 and happens every five years. Legal representation is required unless an individual chooses to represent themselves.
Simple Explanation
The Copyright Royalty Judges are deciding how much it should cost to make and share music records from 2023 to 2027. People who want to say what they think about these prices and rules need to sign up and pay $150 by a certain date.