An amendment has been made to 'to prevent the use of previous contractual agreements to deduct money from the additional royalties'.
Session musicians will benefit from a fund to which producers will have to contribute at least 20% of royalties they gain from the term extension.
The legislation will be reviewed after 3 years, and then every 4 years. The Commission has also been asked to look at whether a similar extension is justified in the audiovisual sector.
A plenary vote will take place in March.
The IPKat can't claim to be thrilled by the decision, but he suspects that the writing was on the wall. He notes that 95 years is almost double the current 50 years, but at the same time, he can't help but think that all the terms are rather arbitrary. He's puzzled by the exception for digital recording - doesn't this emasculate the extension (or is there something about the way that recordings are usually made that the Kat doesn't know?)
STOP PRESS: The IPKat thanks Chris Ellins from the University of Westminster for this link to the Legal Affairs Committee's documents.
Kate Kat!
ReplyDeleteNo - this is "Kate" with a silent "e", just as some people prefer to write "claws" with a silent "e" (as in "clause").
ReplyDeleteAnother possibility, It's not "Kate". The "e" belongs to the next bit of the sentence, as in "the Kat ,'e doesn't know" ...
ReplyDeleteThe press release in the link says "music recordings" instead of "music compositions on physical devices" maybe they changed the press release.
ReplyDeleteWell...
ReplyDelete< irony >
if session musicians will benefit therefore I'm going to change my profession like my friend Piotr Waglowski and I plan to record an album this year... I'm 33 so it will be really really nice to receive royalties while I'm 125 years old...
< /irony >
Excellent new HTML tag!
ReplyDelete