[Federal Register Volume 88, Number 244 (Thursday, December 21, 2023)]
[Rules and Regulations]
[Pages 88253-88254]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28075]
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LIBRARY OF CONGRESS
Copyright Royalty Board
37 CFR Part 385
[Docket No. 23-CRB-0014-PR-COLA (2024)]
Cost of Living Adjustment to Royalty Rates and Terms for Making
and Distributing Phonorecords; Correction
AGENCY: Copyright Royalty Board, Library of Congress.
ACTION: Correcting amendments; cost of living adjustment.
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SUMMARY: On December 12, 2023, the Copyright Royalty Judges amended
regulations governing royalty rates for making and distributing
physical phonorecords and Permanent Downloads of nondramatic musical
works pursuant to statutory license. That document inadvertently
omitted figures related to calculation of the adjusted rates and listed
an incorrect per-minute rate.
DATES:
Effective date: December 21, 2023.
Applicability date: These rates and terms are applicable during the
period from January 1, 2024, through December 31, 2024.
FOR FURTHER INFORMATION CONTACT: Anita Brown, Program Specialist, (202)
707-7658, [email protected].
SUPPLEMENTARY INFORMATION: This document provides an amplification of
the information in the SUPPLEMENTARY INFORMATION section and a
correction to a rate in the Final Regulations in the final rule/cost of
living adjustment document published in the Federal Register on
December 12, 2023 (88 FR 86058).
Section 115 of the Copyright Act, title 17 of the United States
Code, creates a statutory license for making and distributing
phonorecords of nondramatic musical works. On December 16, 2022, the
Copyright Royalty Judges (Judges) adopted final regulations governing
the rates and terms of copyright royalty payments under that license
for the license period 2024-2027 for making and distributing
phonorecords of nondramatic musical works. See 87 FR 76942.
Pursuant to those regulations, at least 25 days before January 1 of
each year, the Judges shall publish in the Federal Register notice of a
cost of living adjustment (COLA) applicable to the royalty fees for
making and distributing physical phonorecords and Permanent Downloads.
See 37 CFR 385.11.
The adjustment in the royalty fee shall be based on a calculation
of the percentage increase in the Consumer Price Index for All Urban
Consumers (CPI-U) published in November 2022 (298.012) \1\ (``base
rate'') according to the formulas: for the per-work rate, (1 + (Cy -
298.012 \2\)/298.012) x 12[cent], rounded to the nearest tenth of a
cent; for the per-minute rate, (1 + (Cy - 298.012)/298.012) x
2.31[cent], rounded to the nearest hundredth of a cent; where Cy is the
CPI-U published by the Secretary of Labor before December 1 of the
preceding year. 37 CFR 385.11(a)(2). The CPI-U published by the
Secretary of Labor from the most recent index published before December
1, 2023, is 307.671.\3\ Applying the formulas in 37 CFR 385.11(a)(2)
results in an increase in the rates for 2024.
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\1\ The CPI-U published in November 2022 is available at https://www.bls.gov/news.release/archives/cpi_11102022.htm at Table 1.
\2\ Base rate.
\3\ The CPI-U announced on November 14, 2023, by the Bureau of
Labor Statistics in its Consumer Price Index News Release--Consumer
Price Index, is available at https://www.bls.gov/news.release/archives/cpi_11142023.htm at Table 1.
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The adjusted rates for 2024 are 12.4 cents for the per-work rate
and 2.38 cents for the per-minute rate.
Details of the required calculations were inadvertently omitted
from the document published in the Federal Register on December 12,
2023 (88 FR 86058). This document provides, in the SUPPLEMENTARY
INFORMATION section herein, additional details of and results of the
calculations, and corrects the amount for the per-minute rate in the
Final Regulations herein.
List of Subjects in 37 CFR Part 385
Copyright, Phonorecords, Recordings.
Final Regulations
In consideration of the foregoing, the Judges correct part 385 of
title 37 of the Code of Federal Regulations by making the following
correcting amendment:
PART 385--RATES AND TERMS FOR USE OF NONDRAMATIC MUSICAL WORKS IN
THE MAKING AND DISTRIBUTING OF PHYSICAL AND DIGITAL PHONORECORDS
0
1. The authority citation for part 385 continues to read as follows:
Authority: 17 U.S.C. 115, 801(b)(1), 804(b)(4).
[[Page 88254]]
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2. Section 385.11 is amended by revising paragraph (a)(1) to read as
follows:
Sec. 385.11 Royalty rates.
(a) * * *
(1) 2024 rate. For the year 2024 for every physical phonorecord and
Permanent Download the Licensee makes and distributes or authorizes to
be made and distributed, the royalty rate payable for each work
embodied in the phonorecord or Permanent Download shall be either 12.4
cents or 2.38 cents per minute of playing time or fraction thereof,
whichever amount is larger.
* * * * *
Dated: December 15, 2023.
David P. Shaw,
Chief Copyright Royalty Judge.
[FR Doc. 2023-28075 Filed 12-20-23; 8:45 am]
BILLING CODE 1410-72-P