Record labels and publishers ink agreement to raise mechanical royalties on physical sales 

The settlement provides that songwriter royalties will increase automatically each year of the rate period in connection with the Consumer Price Index. The agreement will now be considered by the Copyright Royalty Board. The CRB previously declined to approve an earlier agreement covering physical sales and downloads largely due to concerns over what it considered “static” rates.

Source: Record labels and publishers ink major settlement, moving from 9.1 cents to 12 cents per track for US mechanical royalties on physical sales