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The California Resale Royalty Act (Civil Code section 986), which went into effect on January 1, 1977, entitles artists to a royalty payment upon the resale of their art if the transaction takes place in California or the seller is based in the state. It was the only law of its kind implemented in the United States.
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
Except in very narrowly defined circumstances, noted below under the "small business exception" in 17 USC 110, a business, restaurant, or store that plays radio broadcasts or shows television programs in the premises does not pay a licensing fee. Radio stations pay fees to licensing bodies for nonexclusive rights to broadcast music.
It collects blanket license fees from businesses that use music, entitling those businesses to play or sync any songs from BMI's repertoire of over 22.4 million musical works. [2] On a quarterly basis, BMI distributes the money to songwriters, composers, and music publishers as royalties to those members whose works have been performed.
A 4% royalty on sales value for a 5-year period of the license, together with a lump-sum payment of $32000 (risk-free income) on execution of the license is then the 'asking price' in the example. The TTF of this projection is 2.6, implying that for every dollar of royalty paid, the OP to the licensee enterprise is multiplied by this factor.
The Supreme Court says home builders in California may challenge the fees commonly imposed by cities and counties to pay for new infrastructure. Builders may fight 'impact fees' that fund ...
The organization initially offered low licensing fees to foster a partnership between the fledgling medium and ASCAP; however, the licensing fees increased 900 percent between 1931 and 1939. ASCAP said the increases were due to radio curtailing the ability of its members to make money through other venues, such as sheet music and record sales ...
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