Posted AT 8:09 PM EST on 22/02/08
Musical artists win bigger piece of radio ad revenue
The federal agency that governs copyrights in Canada has ruled that musicians, composers and songwriters are entitled to an increased share of the ad revenue generated by radio stations, stemming from a decision two years ago that bumped up those rates.
In a ruling issued yesterday, Copyright Board Canada upheld a decision from 2005 that requires radio broadcasters to pay out 3.2 per cent of advertising revenue on the first $1.
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