The Copyright Royalty Board has announced a proposed settlement regarding royalty rates and terms for cable TV systems retransmitting over-the-air broadcasts. Currently, a settlement has been reached to maintain existing royalty rates without quinquennial adjustments for the 2020-2025 period. Input from interested parties is being sought, with comments due by February 25, 2021. This adjustment decision means that cable systems and copyright holders will continue under the current terms unless further objections are raised and accepted.
Simple Explanation
The Copyright Royalty Board is suggesting that cable TV companies continue to pay the same amount of money to show TV and radio programs from big broadcasters until 2025, and they want people to share their thoughts about this plan by February 25, 2021.