Statutory Mechanical Royalty Rate
The Statutory Mechanical Royalty Rate is the rate set forth by the Copyright Arbitration Royalty Panel for compulsory mechanical licenses. Assuming the work has been previously released to the public, this is the licensing fee the licensee can pay to sell a cover version of a song without having to obtain direct permission from the rightsholder. In the US, this rate is currently set at 9.1¢ per track or 1.75¢ for each minute of playing time, whichever is greater.
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