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Copyright board leaves royalty rate unchanged
By: iStockAnalyst   Thursday, October 02, 2008 4:58 PM
Symbols: AAPL
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(Source: Associated Press/AP Online)trackingLOS ANGELES - The federal Copyright Royalty Board left the rate for royalties paid to songwriters for CDs and digital downloads unchanged.

The ruling keeps the rate at 9.1 cents per song.

Apple Inc. had threatened to shutter its iTunes store if an increase in the rate jeopardized its profitability based on a price of 99 cents per song.

The board also set a new rate of 24 cents for each ringtone.

The decision, which was not immediately made public, was confirmed by the National Music Publishers' Association, which represented songwriters in the case.


 

 
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